Trade in Services and Income Inequality in Developing Economies
Journal Title: Journal of Business Thought - Year 2016, Vol 6, Issue
Abstract
Withtechnologicalrevolution,tradeinserviceshasnowgainedalotofimportanceinthetradeliterature.Thispaperdiscussestheimpactoftradeinservicesonincomeinequality,focusinginparticularonthechannelsthroughwhichopennesstotradeinservicescanhaveanimpactonincomeinequalityindevelopingeconomies.ThepaperexplorestherelationshipbetweentradeinservicesandincomeinequalityindevelopingeconomieswithanemphasisonIndiawhichisbyandlargeaservicedriveneconomy.Itprovidessomeinsightsonthequestion-whyitisimportanttoexaminetheimpactoftradeinservicesonincomeinequalityseparatelyfromthatoftradeingoodsindeveloping economiesandhowthisimpactisdifferentinthetwocases.
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