Title: Measuring the Costs and Benefits of Liberalization of Trade in Services: Lessons for Regional Integration and Sectoral Policies
Abstract: This paper draws insights from the literature on Computable General Equilibrium (CGE) Modeling of potential gains from liberalization for developing countries, in particular Northern, Eastern and Southern African economies. Due to the importance of regulatory framework and to the size of service industries, substantial potential gains are expected from liberalization, by accession to WTO, regional, preferential or bilateral trade agreements. However, it seems that attention should be focused on the specificity of each region and country and that a sectoral approach is necessary. Regarding the choice between multilateral, bilateral or regional liberalization, the optimal framework depends on service industries. Institutions particularly matter for services and reforms should be global and focused. Domestic reforms are necessary prior to trade liberalization.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot