Transforming Service Trade Superiority into Global Competitive Advantage: A Game Changer!
The article discusses how service trade is different from cargo trade and how companies can turn their advantages in service trade into a competitive edge. Service trade relies on human capital and factors like inseparability and non-storability. To succeed in the long term, businesses need to transform their comparative advantages into competitive advantages. This can be achieved by developing the domestic service industry, expanding the service trade market, and improving the international service trade structure to enhance overall competitiveness.