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Deadline
23 May 2016
The registration is closed.

The Financing of Trade in Services

Type
Course
Location
Web-based
Date
-
Duration
5 Weeks
Programme Area
Governance, Public Finance and Trade
Price
$800.00
Event Focal Point Email
pft-training@unitar.org
Registration
Public – by registration
Mode of Delivery
E-learning
Language(s)
English
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The personal data of participants applying for, registering for or participating in UNITAR's training courses and other events is governed by the Data Protection and Privacy Policy. By applying for, registering for or participating in this event, the participant acknowledges that he or she is, (or they are) aware of the policy and agree to its terms.

Financing the Service Sector was, and still is, always difficult. In spite of this limitation, the service sector, today more than ever, represents a key development factor for every nation. As both a catalyst of economic growth and national development, in addition to a source of increasing wealth, the service sector defies convention through its ability to facilitate increased trade across the broader economy and stimulate an array of new opportunities and challenges. By 2010, the service economy represented two-thirds of global gross domestic product (global GDP), approximately a fifth of global trade and greater than one-third (39%) of global employment (UNCTAD, 2014).

The task to finance service exports, in this time of unprecedented global demand, technological capability and economic turmoil is exceptional; not only do the myriad of fiscal issues limit the accessibility of service exporters to traditional finance but the wave of innovative channels create a secondary means of accessing finance. Beyond representing a simple parallel system, the creation of digital peer-to-peer and expert financing mechanisms present a means of promoting the capabilities of modern service sector investment, increasing the reach and magnitude of capital and expanding the opportunity for financial inclusion amongst service exporters.

 

This course will discuss the workings of the service sector and present the financing tools – traditional and innovative – that will best serve to mitigate the financing gap in emerging markets. Examination of this kind, with a focus on precise service sub-sectors and financing tools, will help to focus participant understanding on the generally neglected area of how best to finance service exporters, in an emerging market context. 

At the end of the course, the participants should be able to:

  • Define the significance of the service sector as an element of the total export market;
  • Describe the importance of the traditional financing tools to the modern service sector;
  • Distinguish Traditional financing tools, usually from banks, from Innovative mechanisms, usually from investors;
  • Characterise individual service sub-sectors and their respective means of financing;
  • Discuss ways to strengthen the role of the conventional institutions in the delivery of Innovative financing mechanisms; and
  • Recognize the extent to which Innovative financing can be viewed as a means of accelerating financial inclusion as a secondary source of capital. 

This online course will cover the following modules:

  • Module 1: Trends and Developments in Global Trade in Services
  • Module 2: Challenges in the Financing of Services
  • Module 3: Traditional Financing Service Exports
  • Module 4: Innovative Instruments for Service Exports
  • Module 5: Selecting Specific Financial Solutions: Financing of Service Exports, by Sector
  • Module 6: Payment Sector Innovation and Service Sector Financing 

In order to ensure the best possible outreach, the course will be delivered through e-learning. Through a multiple-instructional setting, the goal is to achieve the learning objectives by means of learning technologies that match personal learning styles and by the inclusion of non-linear learning that aims at the development of just-in-time skills of adult learners. At the same time, in order to allow participants maximum flexibility of scheduling , the learning will be conducted in an asynchronous manner. Using a state-of-the-art training architecture, UNITAR will combine self-learning with assessments and online discussions. The pedagogy - adapted specifically to professionals in full-time work - will help train participants through various experiences: absorb (read); do (activity); interact (socialize); reflect (relate to one’s own reality). 

The intended audience comprises persons involved in the financial and service sectors, specifically:

  • Private sector bankers, in emerging economies;
  • Policy makers in Ministries of Commerce, Finance, Export Promotion Bodies and Central banks;
  • Members of Angel Investment, Business Incubators and Venture Capital Firms;
  • Experts and Analysts in the financial sector (all markets);
  • Service Sector stakeholders
  • Economists.

A certificate of completion will be issued by UNITAR to all participants who complete the course-related assignments and assessments successfully. Course schedule is subject to change. Course fee is non-refundable but transferrable to another course or participant and subject to change as per UNITAR's policy on pricing.

Recommended hardware and software requirements for taking our e-learning courses:

Platform: Windows XP sp3, Vista sp2, Windows 7 sp1, MacOS X.

  • Hardware: 2 GB of RAM and higher for Vista and Windows 7.
  • Software: Microsoft Word, Microsoft Excel, Microsoft Powerpoint and Adobe Acrobat Reader (downloadable for free at adobe.com).
  • Browser: Internet Explorer 8 or higher; Mozilla Firefox 8 or higher.
  • Internet connection: 128kbps and higher.
  • Note: JavaScript, pop-ups & cookies must be enabled.