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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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    1. Daniel, Timothy P & Kleit, Andrew N, 1995. "Disentangling Regulatory Policy: The Effects of State Regulations on Trucking Rates," Journal of Regulatory Economics, Springer, vol. 8(3), pages 267-284, November.
    2. Bernard Hoekman & Carlos Braga, 1997. "Protection and Trade in Services: A Survey," Open Economies Review, Springer, vol. 8(3), pages 285-308, July.
    3. Aadtya Mattoo, 2000. "Financial Services and the WTO: Liberalisation Commitments of the Developing and Transition Economies," The World Economy, Wiley Blackwell, vol. 23(3), pages 351-386, March.
    4. Björn Wellenius, 1997. "Telecommunications Reform : How to Succeed," World Bank Other Operational Studies 11569, The World Bank.
    5. Markusen, James & Rutherford, Thomas F. & Tarr, David, 2000. "Foreign direct investment in services and the domestic market for expertise," Policy Research Working Paper Series 2413, The World Bank.
    6. Mattoo, Aaditya & Subramanian, Arvind, 1998. "Regulatory Autonomy and Multilateral Disciplines: The Dilemma and a Possible Resolution," Journal of International Economic Law, Oxford University Press, vol. 1(2), pages 303-322, June.
    7. Joseph F. Francois & Ian Wooton, 2001. "Trade in International Transport Services: The Role of Competition," Review of International Economics, Wiley Blackwell, vol. 9(2), pages 249-261, May.
    8. Bennathan, E. & Escobar, L. & Panagakos, G., 1989. "Deregulation Of Shipping - What Is To Be Learned From Chile," World Bank - Discussion Papers 67, World Bank.
    9. Barros, Pedro Pita, 1995. "Conduct Effects of Gradual Entry Liberalization in Insurance," Journal of Regulatory Economics, Springer, vol. 8(1), pages 45-60, July.
    10. Rupa Chanda, 2001. "Movement of Natural Persons and the GATS," The World Economy, Wiley Blackwell, vol. 24(5), pages 631-654, May.
    11. Philippa Dee & Kevin Hanslow, 2002. "Multilateral liberalisation of services trade," International Trade 0207002, University Library of Munich, Germany.
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    Cited by:

    1. 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.
    2. Kaminski, Bartlomiej, 2006. "Bulgaria's institutions and policies : integrating into Pan-European markets," Policy Research Working Paper Series 3864, The World Bank.
    3. 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.
    4. World Bank, 2005. "Enhancing the Prospects of Growth and Trade of the Kyrgyz Republic," World Bank Publications, The World Bank, number 13533, June.
    5. World Bank, 2005. "Kyrgyz Republic : Country Economic Memorandum - Enhancing the Prospects for Growth and Trade, Volume 1, Main Report," World Bank Other Operational Studies 8508, The World Bank.

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