Trade in services: exports and foreign revenues: special report Page: III
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part of a larger assessment of international competition in the service indus
tries, this special report gives a quantitative overview of U.S. international trade
in services and discusses policy options for improving Federal Government data
on services trade data now subject to major sources of error. OTA's full assess
ment report on competition in the services, requested by the Senate Committees
on Governmental Affairs and Foreign Relations and the House Committee on Small
Business, will examine a broader range of issues, including:
* services trade in the world economy, and linkages between the services and
*competitive dynamics in international banking services, engineering and con
struction, technical licensing, and telecommunications, data processing, in
formation services, and computer software;
* U.S. employment in service industries; and
* U.S. and foreign government policies toward services and the new round
of multilateral trade negotiations.
The special report in this volume was prepared after the Senate Committee
on Governmental Affairs requested separate publication of OTA's estimates of the
impacts of services trade on the Nation's balance of payments. The Governmental
Affairs Committee has expressed particular interest in the procedures used by Fed
eral agencies for compiling such data, and the adequacy of the results for analyz
ing international competition in the services. The latter question is especially
important given U.S. preparations for the next round of multilateral trade negotia
tions, scheduled to begin shortly under the auspices of the General Agreement on
Tariffs and Trade.
In this special report, OTA examines alternative methods of defining and meas
uring international services trade distinguishing, in particular, between direct ex
ports (or imports) and the revenues of foreign affiliates of U.S. companies. The
report estimates the level of U.S. international trade in services over the period
1982 to 1984, and compares these estimates with the official figures reported in
the U.S. balance of payments.
OTA is grateful for the assistance provided by many individuals, inside and
outside the Federal Government, during the preparation of this special report, Full
responsibility for the contents rests with OTA.
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United States. Congress. Office of Technology Assessment. Trade in services: exports and foreign revenues: special report, report, September 1986; [Washington D.C.]. (digital.library.unt.edu/ark:/67531/metadc39868/m1/3/: accessed November 14, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.