Globalisation - Flows (Services) Flashcards
1
Q
as economies grow they shift away from trade of ____ and towards trade of ____
A
away from goods
towards services
2
Q
what two continents have a significant services trade relationship
A
north america and europe
3
Q
examples of countries in which services hold a high % of GDP
A
Ireland
Singapore
Small open economies
4
Q
example of a big service offered in Ireland
A
airline leasing
5
Q
how does % of services as GDP differ in Ireland and USA
A
USA is far more stable, big economy which does not depend so much on international trade compared to Ireland
