Thoughts about international trade and other topics that occupy my daylight hours.
Friday, October 29, 2010
The rapid growth of cross-border trade in retailing services
Gap, Inc. announced today that it is going to expand its online sales presence in Europe, and ultimately to 80 countries around the world. This is an excellent example of retail's emergence as a service that is not just theoretically tradable, but frequently traded. Scholars have often treated retailing as non-tradable, but it is time for this conventional wisdom to change.