U.S. Dominance in Global Services Economy Weakens

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WASHINGTON—Over the past half-century, the U.S. has evolved from an industrial superpower into the undisputed champion of the global services economy.

From 2003 to 2015, the U.S. trade surplus in services such as medical care, higher education, royalties and payments processing nearly sextupled to $263.3 billion.

Growth has since stalled,…



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