Services provide intermediate inputs to all economic sectors, namely, the primary sector, the industrial sector and even the tertiary sector. For example, automated crop monitoring services are increasingly
relevant in agriculture, software services are key in the automotive industry and telecommunications services are necessary for mobile and digital financial services. The increased use, production, and export
of services in all sectors is the “servicification” of the economy and trade. As such, the performance of the whole economy and trade is related to the effectiveness of services inputs. In developing countries,
services account for two thirds of total productivity growth. UNCTAD conducted a case study on services value added in Brazil where, in 2015, services accounted for 17 per cent of direct exports and 48 per
cent of the value-added of total exports. The economic crisis triggered by the pandemic requires, with greater urgency, the use of servicification to promote export diversification, upgrading and a robust
economic recovery. Servicification and its effects have not been sufficiently discussed in policy debates, including those on trade policy. This is because some servicification-related concepts disrupt some
traditional analytical approaches and due to the lack of sufficient data and information on the relevance of servicification.
The course addresses this gap by covering the relevance of servicification, related concepts and how servicification can be addressed in policymaking, including in trade policy and regulatory frameworks. Using
concrete examples, it will discuss the strategic importance of services value-added for the economy and international trade. The course will shed light on the significance of servicification, in addition
to providing knowledge on the services-related policy, regulatory and institutional frameworks necessary to use services value added in exports to pursue development goals.