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Services Trade as a "New Frontier" in South Asia : Is the Optimism Warranted?

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  • Upali Wickramasinghe

Abstract

The services sector, in particular information technology (IT), is viewed at present with so much optimism as a means to provide South Asia with a unique opportunity to leapfrog whole stages of industrial development and make up for the missed opportunities in the past. This paper critically evaluates the current trends in the service sectors in South Asia including the basis of competitive advantages, and concludes that such an optimism is long way off unless remedial actions are taken to correct massive infrastructural weaknesses and establish institutional mechanisms capable of responding to rapid changes in the global market.

Suggested Citation

  • Upali Wickramasinghe, 2000. "Services Trade as a "New Frontier" in South Asia : Is the Optimism Warranted?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 1(2), pages 1-23, September.
    • Handle: RePEc:sae:soueco:v:1:y:2000:i:2:p:1-23
    DOI: 10.1177/139156140000100202
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    References listed on IDEAS

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    1. Kojima, Kiyoshi, 1973. "A Macroeconomic Approach to Foreign Direct Investment," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 14(1), pages 1-21, June.
    2. Syrquin, Moshe, 1988. "Patterns of structural change," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 7, pages 203-273, Elsevier.
    3. Lee, Chung H., 1980. "United States and Japanese Direct Investment in Korea : A Comparative Study," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 20(2), pages 26-41, February.
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    1. Research Department Nepal Rastra Bank, 2002. "A Comparative Review Of Financialservices Sector Commitments In The Selected Saarc Member Countries: Relevant Experiences For Nepal’S Accession To Wto," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 14, pages 37-54, April.

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