This volume is the outcome of the 19th Kiel Week Conference held at the Institute of World Economics, 22-24 June 1988. The focus was on services and their increasing importance for industrialized and developing countries and for world economic growth and trade.

Preface -- Services and the Changing Economic Structure -- Modern Service Sector Growth: Causes and Effects -- Comment on Herbert G. Grubel and Michael A. Walker, "Modern Service Sector Growth: Causes and Effects" -- Defining and Measuring Output and Productivity in the Service Sector -- Comment on Domenico Siniscalco, "Defining and Measuring Output and Productivity in the Service Sector" -- International Aspects -- International Transactions Involving Interactions: A Conceptual Framework Combining Goods and Services -- Services and Comparative Advantage Theory -- Comment on H. Peter Gray, "Services and Comparative Advantage Theory" -- Trade and Foreign-Owned Production in Services: Some Conceptual and Theoretical Issues -- Comment on John H. Dunning, "Trade and Foreign-Owned Production in Services: Some Conceptual and Theoretical Issues" -- Sectoral Analysis -- Telecommunications and the Scope of the Market in Services -- Comment on Gerald R. Faulhaber, "Telecommunications and the Scope of the Market in Services" -- Telecommunications Policy - Assessing Recent Experience in the US, Japan and Europe and Its Implications for the Completion of the Internal Common Market -- Comments on Günter Knieps, "Telecommunications Policy - Assessing Recent Experience in the US, Japan and Europe and Its Implications for the Completion of the Internal Common Market" -- Protection and the Structure of the Banking Industry in an International Context -- Comment on Robert Z. Aliber, "Protection and the Structure of the Banking Industry in an International Context" -- Integrated World Markets in Services: Problems and Prospects -- Comment on Brian Hindley, "Integrated World Markets in Services: Problems and Prospects" -- Services and International Division of Labour -- North-South Trade in Services: Some Empirical Evidence -- Comment on Rolf J. Langhammer, "North-South Trade in Services: Some Empirical Evidence"