Social Sciences in China (Chinese Edition)

No.2, 2019

 

Globalization of Services in the Internet Age—A New Engine, Acceleration and the Competitiveness of Major Powers

(Abstract)

 

Jiang Xiaojuan and Luo Libin

 

The internet and information technology have fundamentally changed the inefficient and non-tradable nature of traditional service industries and greatly strengthened the impetus for service globalization. In the internet age, the accelerating globalization of services will be irreversible. In the course of this process, China will have advantages in terms of stage of development, market scale, commercial models, internet and digital technology applications, and degree of openness, all of which will give it greater competitive strength. An analysis of the cultural and sports industries indicates that the opening of the major powers’ cultural markets will increase the international influence of  cultural factors.