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Flashcards in global flows - services Deck (8)
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what are services?

they are economic activities that are traded without the production of material goods
financial and insurance services


how did deregulation of financial markets help services?

allowed services such as banks to become more globalised spreading across the globe without national borders


what are the two sub categories of services?

high level
low level


what are high level services?

services to businesses such as finance, investment and advertising


what are low level services?

services to consumers such as banking travel, call centres


why are services known as being footloose?

they can locate anywhere in the world generally and still communicate with its customers


where are high level services usually loacted/

in developed countries and capital cities


where are low level services located and what are some examples?

to developing countries
most call centres in the uk have now been moved to india due to low labour costs