Infrastructure and financial services account for the bulk of the dollar value of foreign direct investment from the service sector. In terms of the number of firms and of foreign operations, however, about half are engaged in a wide array of other service activities, including hospitality, the media, leisure, transportation, business services, consulting, education, healthcare, and so on. In the case of Spain, between 1986 and 2008 about 54 percent of all foreign operations established by Spanish service-sector firms fall under this heterogeneous category (Guillén and García-Canal 2009). This wide array of activities can be classified according to two key dimensions. The first one is the degree to which the production of the service can be separated from its consumption. “Hard” services are those that can be separated, with the important implication that it can be exported at arm's length (Erramili 1990).