International Trade in Services

International Trade in Services

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qThe services sector is key to economic growth, competitiveness, and poverty alleviation. Comprising more than two-thirds of the world economy, services are now commonly traded across borders, helped by technological progress and the increased mobility of persons. In recent years, a number of developing countries have looked at trade in services as a means to both respond to domestic supply shortages and to diversify and boost exports. Any country can tap into the trade potential of services, but not every country can become a services hub across sectors. The opening of the services sector potentially comes with large benefits, but also fears and costs that should not be overlooked. This book provides useful guidelines for the assessment of a country's trade potential, and a roadmap for successful opening and export promotion in select services sectors. It looks at both the effects of increased imports and exports, and provides concrete examples of developing country approaches that have either succeeded or failed to maximize the benefits and minimize the risks of opening. It focuses on sectors that have been rarely analyzed through the trade lens, and/or have a fast growing trade potential for developing countries. These sectors are: accounting, construction, distribution, engineering, environmental, health, information technology, and legal services. It is designed for non-trade specialists to understand how trade can help improve access to key services in developing countries, and for trade specialists to understand the specific characteristics of each individual sector. It will be a useful tool for governments to design successful trade opening or promotion strategies, and for the private sector and consumers to advocate sound domestic policy reforms accompanying an offensive trade agenda.qNew Trends and Opportunities for Developing Countries Olivier Cattaneo ... Harnessing the benefits of increased trade in accounting services requires an investment in education to adjust the profession both quantitatively ... Table 8.6 provides a checklist of the influences on accounting firms and services that may affect success, the institutions that ... makers to enhance the value of accounting professionals, help accounting firms improve access to clients, and work to facilitate trade.

Title:International Trade in Services
Author:Olivier Cattaneo
Publisher:World Bank Publications - 2010


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