Research On The Development Of American Foreign Service Trade

With the acceleration of the process of economic globalization and regional economic integration,and the rapid development of science and technology,the international industrial structure is also undergoing profound changes.Most countries(regions)over the world have shifted their economic development focus to the service industry,then the improvement of the status of the service industry in national economic and the daily deepening of the international division of labor also made international service trade,which is based on service industry,development rapidly.According to United Nations Conference on Trade and Development statistics,the global service trade totaled $9,202 billion in 2015,compared with that in 1980,it increased more than 11 times.Its growth rate has been far more than the commodity trade' s,which means that the service trade will become the focus of the international trade competition in the future,so if a country want to gain a competitive advantage in international trade,it must strive to develop its service trade.As the world's most developed country in service trade over the world,the United States enjoys an absolute advantage not only in its foreign service trade's scale and proportion,but also in its import and export structure and international competitiveness.In contrast,Chinese foreign service trade still faces many problems,such as the late start of its development,the small scale,the unreasonable structure,the widening balance of payments deficit and so on,but all these problems are inconsistent with Chinese current economic strength and overall trade situation.Therefore,study the development of American foreign service trade can not only give a good summary of the general law and experience of the development of international service trade,but also provide a reference target for the development of Chinese service trade.This paper is divided into six chapters.The first chapter is the introduction part,which introduces this paper's research purpose,research significance,research methods and contents and literature review.The second chapter is the correlation theory of international service trade,mainly including the international service trade theory,comparative advantage theory,factor-endowment theory and the theory of national competitive advantage,which are closely related with the study of American foreign service trade.The third chapter is the analysis of the present situation of American foreign service trade.In this chapter,author mainly analyzed the scale,the structure and the international balance of payment of American foreign service trade based on the annual data of American foreign service trade from 1992 to 2016.After the above analysis,author summarized five features of American foreign service trade,namely large scale and high proportion,reasonable structure of export and import,took the developed countries as the main partner and made the market more diversified,maintained the balance of payments surplus throughout,showed a new trend of slowing growth and reducing the scale of surplus.The fourth chapter is the analysis of the international competitiveness of American foreign service trade.After analyzing American foreign service trade' s international market share,trade competitiveness index(TC index),revealed comparative advantage index(RCA index)and degree of openness,author summarized four advantages of American foreign service trade,namely high international market share,strong whole competitiveness,the knowledge intensive service sector's outstanding competition advantage and the stable foreign service trade market.The fifth chapter is the enlightenment of the American foreign service trade development to China.Based on American foreign service trade's characteristics and advantages,and combined with Chinese current stage of economic development and current status of foreign service trade,author.put forward some policy recommendations to promote Chinese foreign service trade healthily and rapidly,including improving the domestic services industry development environment,increasing the scientific research investment in service industry,strengthening regional cooperation in foreign service trade and perfecting the laws and regulations for service industry.The sixth chapter is the conclusion,which expounds the overall conclusion of this research.