Servicification and Industrial Exports from Asia and the Pacific

Abstract

"Servicification" is most simply defined as an increased use of services in manufacturing processes. The impact of servicification on the competitiveness of the industrial sector has not been adequately addressed, especially in policy discussions, because of limited data availability. However, the OECD-WTO TiVA database now fills this gap for a selected number of economies. This issue of Trade Insights considers how developments in the service sector have encouraged and promoted industrial exports from Asia-Pacific economies.

Keywords: Servicification, Global Value Chains, Global Production Networks, Trade in Services, Manufacturing, Asia-Pacific

JEL Classification: F14, F15, F23, L60, L80