... differ by type of financial services. Non-life insurance services (e.g., motor insurance) and many other consumer financial services, for example, have mostly non -financial services& apos; characteristics: ... conceptual case for internationalization of financial services (Walter and Gray, 1983, Walter,1987 and 1993, UNCTAD, 1994, and Levine, 1996). Glaessner and Oks, 1994 and Musalem et al. 1994 present acase ... internationalization of financial services specifically and derives the result thatskilled labor can be the source of comparative advantage in the production of financial services. Gelb and Sagari,1990,...