FACTORS OF FINANCIAL SERVICES EXPORT GROWTH

Actually almost all countries in the world are involved in the world trade of financial services. However, for most countries export of financial services proves to be a side result of their foreign economic activities. For their part, there are some countries which specialize in exactly financial services export as the main source of gaining their incomes. The objective of the given research is to reveal the factors exerting an influence on the growth of financial services export in the countries that specialize or possess a substantial potential in the development of financial services export. To achieve the given objective, the following tasks have been put forward: (1) to reveal both the countries specializing in export of financial services and the countries possessing a certain potential in the development of the given kind of export; (2) to reveal those factors the development and possession of which is essential for turning a country into a highly efficient exporter of financial services. In the given research the following methods were used: the analysis of literature and advanced researches in the field of financial services and mathematical analysis of statistical information. As a result, one has defined and examined the countries whose specialization in export of financial services had led them to world leadership in this sphere. Besides, one has revealed five factors which exert an influence on the growth of this kind of export.