Professor to Discuss New Book on Global Trade in Services

November 15, 2011 Brad Jensen
“Global Trade in Services: Fear, Facts, and Offshoring” Urges the U.S. to Embrace Services Trade As It Develops Future Policy and Seeks to Rebalance Global Economy
 
WHAT:        
Georgetown University McDonough School of Business Professor of International Business and Economics J. Bradford Jensen will discuss his book Global Trade in Services: Fear, Facts, and Offshoring at a breakfast hosted by the Georgetown Center for Business and Public Policy. The event also will include remarks from Christine Bliss, assistant U.S. trade representative for services and investment.
 
Jensen’s research outlined in Global Trade in Services urges the United States to embrace trade in services and push aggressively for services trade liberalization. The book was published in September 2011 by the Peterson Institute for International Economics, where Jensen also is a senior fellow.
 
 
WHEN:        
Thursday, November 17, 2011, 9 to 10:30 a.m.
 
WHERE:      
Georgetown University McDonough School of Business
37th & O Streets, NW
Rafik B. Hariri Building, Fisher Colloquium
Washington, D.C.
 
RSVP: 
 
Media interested in covering the event should contact Teresa Mannix, director of media relations, at (202) 687-4080 or tmm53@georgetown.edu.
 
ABOUT THE BOOK:
Global Trade in Services explains the poorly understood phenomenon of services outsourcing, which includes such industries as architecture, engineering, and consulting. Jensen develops the most detailed and robust portrait available on the size, scope, and potential impact of opening trade in services on the U.S. economy.
 
The common fear is that jobs will be lost to lower-paid workers in other countries. To the contrary, because service-sector jobs require highly skilled workers, the United States is likely to retain these high-wage jobs according to Jensen. He finds that despite U.S. comparative advantage in service activities, service firms’ export participation lags that of manufacturing firms. Jensen evaluates the impediments to services trade and finds evidence that there is considerable room for liberalization – or the easing of rules and regulations that impede services trade – especially among large, fast-growing developing economies like Brazil, Russia, India, and China.
 
Because other advanced economies have similar comparative advantage in service, he argues that the United States should join with the European Union and other advanced economies to encourage the large, fast-growing developing economies to liberalize their service sectors through multilateral negotiations in the General Agreement on Trade Services and the Government Procurement Agreement. Jensen notes that the coming global infrastructure building boom is of historic proportions and provides an enormous opportunity for U.S. service firms if the proper policies are in place.
 
ABOUT THE AUTHOR:
J. Bradford Jensen is a professor of international business and economics at the McDonough School of Business at Georgetown University, a senior fellow at the Peterson Institute for International Economics, and a research associate of the National Bureau of Economic Research. He also is a senior policy scholar at Georgetown’s Center for Business and Public Policy. His work focuses on the relationship between international trade and investment and firm performance.
 
Jensen’s research has been supported by the National Science Foundation, the Alfred P. Sloan Foundation, and the John D. and Catherine T. MacArthur Foundation. He has authored articles published in such scholarly journals as the American Economic Review, Review of Economics and Statistics, Journal of International Economics, Journal of Monetary Economics, and Harvard Business Review. Jensen’s research has been cited in the popular press, most recently by the Economist, Wall Street Journal, New York Times, Fortune, and Businessweek.
 
Prior to joining Georgetown in 2007, Jensen served as deputy director at the Peterson Institute. He also has served as the director of the Center for Economic Studies at the U.S. Census Bureau, on the faculty at Carnegie Mellon University, and as a visiting professor at the Tuck School of Business at Dartmouth College. Jensen received a Ph.D. in economics from Stanford University and a B.A. from Kalamazoo College.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu.
 
About the Georgetown Center for Business and Public Policy  
The Georgetown Center for Business and Public Policy is an academic, non-partisan research center whose mission is to engage scholars, business people, and policymakers in relevant inquiries and dialogue to impact key business, economic, and public policy issues confronting businesses today. Housed in Georgetown University’s McDonough School of Business, the Center was created in 2002 to encourage thoughtful discussion and to document and disseminate knowledge on a range of issues in the public interest. For more information, visit http://cbpp.georgetown.edu.