Figure 3
and low wages. As a result of global competition,
the ICT sector experienced restructuring, cut-backs
and relocation of establishments.
Beginning 2010, the MSIC 2008 - which
is based on International Standard Industrial
Classifications (ISIC Rev.4) of the United Nations
Statistical Division (UNSD) - has replaced the MSIC
2000 with inclusion of new items under codes 58,
59, 60 and 63, as shown in Figure 4.
As shown in Figure 4, the ICT Services (ICTS)
sub-sector has been undergoing rapid expansion in
recent years due to increasing investments, exports
and imports of ICT services and economic activities
pertaining to telecommunications, IT computing,
hardware and software consultancy, maintenance
and repair services, content and broadcasting
activities, publishing activities particularly online
publishing and information activities. It can be
Figure 4
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