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Services, economic development and the next round of negotiations on services
Author(s) -
Hoekman Bernard,
Mattoo Aaditya
Publication year - 2000
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/(sici)1099-1328(200003)12:2<283::aid-jid663>3.0.co;2-8
Subject(s) - scope (computer science) , negotiation , trade in services , liberalization , incentive , international trade , consumption (sociology) , international economics , general agreement on trade in services , multilateral trade negotiations , service (business) , business , welfare , economics , free trade , world trade , developing country , trade barrier , economic growth , political science , economy , market economy , social science , sociology , computer science , law , programming language
World trade in services amounted to $2170 billion in 1997, of which 40 per cent was cross‐border consumption. Though service trade liberalization is hard to model, sectoral and general equilibrium analyses indicate the scope for major welfare gains. Reforms in services will be driven by domestic agendas, but they can be supported and complemented by commitments to GATS disciplines. Developing country commitments in the GATS, as well as commitments in their areas of interest, are limited. Incentives are needed in the next WTO trade round to encourage commitment to a more balanced and comprehensive coverage. The trade inhibiting effect of domestic regulation requires particular attention. Copyright © 2000 John Wiley & Sons, Ltd.