Analysis Of International Competitiveness Of Emerging Economies

After the global financial crisis,emerging economies with strong momentum of development become the backbone of the global economic growth,and make an important contribution to the global economic recovery.But since 2012,affected by factors of Europe debt crisis and global commodity cyclical market price changes,the overall slowdown in the momentum of emerging economies,economic growth,marking the economy of these countries into the "new normaal".The International Monetary Fund(IMF)released tthe world economic outlook,the report predicted that global economy grew by 3.4%in 2016,rising to 3.6%in 2017.The report believes that the global economic recovery is weak,the growth rate of the economy is not balanced,the risk is currently biased towards emerging markets.Emerging markets and developing economies are facing new realities of growth,cyclical and structural forces will undermine the traditional model of growth.The service trade in the economic globalization deepens today,has become the hot spot of economic research.The focus of global economic development also gradually transition from goods trade to service trade,especially the developed countries in the mid-1980s had completed the transformation of economic structure,service trade plays a dominant role in their economic development.Compared with the European and American developed countries,the service industry and service trade of emerging market countries have developed rapidly,but the level of service industry and service trade are still far lower than the developed countries.T The development of service industry in emerging countries,will become the emerging economies to maintain sustainable economic development,and continue to play the key to the world's economic engine.With the advancement of economic globalization,the global value chains(GVCs)has become the main characteristics of the global economy.Under the influence of the global value chain,the goods and the service trade formed the fragmentation and internationalization,the formation of a commodity often require dispersed in various regions of the world sector coordination to complete.Each department need only responsible for part of the production.This is the production of many products is no longer a country,but the world.The final formation of a product,usually to cross borders multiple times,each country of product processing and re export,which in the customs statistics not only calculated the the country added in the product added value,also includes the value of imported intermediate goods.The product not only contains the domestic value added,but also includes the value added of foreign countries and the return of the domestic value-added.Cross border of each product,should be such a calculation.Then,in the end of the value chain of the production country,its export statistics will contain the value created by all the countries in the front,the most serious phenomenon of repeated calculation of its export accounting.In this paper,we discuss the emerging market countries service trade increased scale of values,that traditional trade statistics method to emerging market countries service trade import and export volume there are overvalued phenomenon,the increased value of trade statistics method can more accurately measure of emerging market countries service trade scale and trade imbalance.The emerging economies service trade are in rapid development,but there is a problem,such as South Korea's export value added rate lower,Brazil,Indonesia.Turkey and South Korea perennial in services trade deficit,emerging market countries in the field of modern service industries are relatively backward.The article comparatively analyzed the service industry competitiveness of the emerging market economics based on the modified IMS index,TC index and RCA index.These competitiveness indexes are modified according to theory of added value to analyze more accurately,also,being more persuasive while used in discussion of service trade in the emerging market economics.The analysis results showed that the international market share of the emerging market countries' service trade kept rising,but the TC index of most countries were under a downward trend and the competitiveness of various departments differed.Overall,competitiveness of more than half of the sectors increased.Among them,the international market share of China's service industry rose as a whole and in all sectors and most sectors have already had high service trade competitiveness;however,those with high service trade competitiveness are mainly concentrated in the labor-intensive industries,such as construction,water and air transportation,etc,w ith great potential left in the technology-intensive industry represented by financial and education.Statistical method based on the added value of trade in the emerging market country's service trade development and international competitiveness is analyzed,according to the analysis results show that the advantages and disadvantages of China compared with other emerging market countries services,China's industrial structure upgrade and work with emerging market countries development provides some suggestions.