This is the export and import of services. Some common international services are financial services
provided by banks to foreign importers and exporters, the travel services of airlines, and construction
services of domestic firms in other countries. For the major industrial countries, this sub-account has
shown the fastest growth in the past decade.
Income
This category is predominantly current income associated with investments that were made in previ-
ous periods. For instance, if a Japanese steel major has established a marketing subsidiary in India. The
profit made by this subsidiary that will be repatriated ...
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