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Services, economic development and the next round of negotiations on services

Author

Listed:
  • Bernard Hoekman

    (World Bank and CEPR, Washington, DC, USA)

  • Aaditya Mattoo

    (World Bank, Washington, DC, USA)

Abstract

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.

Suggested Citation

  • Bernard Hoekman & Aaditya Mattoo, 2000. "Services, economic development and the next round of negotiations on services," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(2), pages 283-296.
    • Handle: RePEc:wly:jintdv:v:12:y:2000:i:2:p:283-296
    DOI: 10.1002/(SICI)1099-1328(200003)12:2<283::AID-JID663>3.0.CO;2-8
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    References listed on IDEAS

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    Cited by:

    1. Kaminski, Bartlomiej, 2006. "Bulgaria's institutions and policies : integrating into Pan-European markets," Policy Research Working Paper Series 3864, The World Bank.
    2. World Bank, 2005. "Enhancing the Prospects of Growth and Trade of the Kyrgyz Republic," World Bank Publications - Books, The World Bank Group, number 13533, December.
    3. Andrés Fernando Jola Sánchez, 2013. "Desarrollo del sector servicios y su papel en la consolidación del crecimiento económico mundial," Revista Ecos de Economía, Universidad EAFIT, June.
    4. Cantah, William Godfred & Wiafe, Emmanuel Agyapong & Adams, Abass, 2013. "Foreign direct investment and trade policy openness in Sub-Saharan Africa," MPRA Paper 58074, University Library of Munich, Germany.
    5. World Bank, 2005. "Kyrgyz Republic : Country Economic Memorandum - Enhancing the Prospects for Growth and Trade, Volume 1, Main Report," World Bank Publications - Reports 8508, The World Bank Group.

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