Jump to ContentJump to Main Navigation
Handbook of Trade Policy for Development$
Users without a subscription are not able to see the full content.

Arvid Lukauskas, Robert M. Stern, and Gianni Zanini

Print publication date: 2013

Print ISBN-13: 9780199680405

Published to Oxford Scholarship Online: January 2014

DOI: 10.1093/acprof:oso/9780199680405.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 October 2021

The Economics of Services Trade: An Overview

The Economics of Services Trade: An Overview

(p.375) Chapter 12 The Economics of Services Trade: An Overview
Handbook of Trade Policy for Development

Aaditya Mattoo

Gianni Zanini

Oxford University Press

Services are the fastest growing components of the global economy, but international transactions continue to be impeded by policy barriers, especially to foreign investment and the movement of service-providing individuals. Modes of supply in services trade, sources of data, and the determinants of the pattern of services trade are discussed in the first part of the chapter. After this, normative issues are addressed, that is, how services reform can promote economic efficiency and growth. All countries and developing countries in particular can benefit significantly from both further domestic liberalization and the elimination of barriers to their exports. These benefits, however, are by no means automatic, without accompanying reforms to introduce genuine competition and build the regulatory institutions that are needed to remedy market failures. For fairness and to ensure their sustainability, mechanisms that promote the availability of essential services, especially among the poor, are also needed.

Keywords:   Services trade, modes of supply, economic benefits, competition, regulation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .