Services Trade Policies and the Global Economy

Services Trade Policies and the Global Economy
Author: OECD
Publisher: OECD Publishing
Total Pages: 108
Release: 2017-06-08
Genre:
ISBN: 9264275231

This book synthesises recent work by the OECD analysing services trade policies and quantifying their impacts on imports and exports, the performance of manufacturing and services sectors, and how services trade restrictions influence the decisions and outcomes of firms engaged in international ...

Services Trade Policies and the Global Economy

Services Trade Policies and the Global Economy
Author: OECD.
Publisher:
Total Pages: 103
Release: 2017-06-08
Genre: Commercial policy
ISBN: 9789264274921

This book synthesises recent work by the OECD analysing services trade policies and quantifying their impacts on imports and exports, the performance of manufacturing and services sectors, and how services trade restrictions influence the decisions and outcomes of firms engaged in international markets. Based on the OECD Services Trade Restrictiveness Index (STRI) - a unique, evidence-based tool that provides snapshots of regulations affecting trade in services in 22 sectors across 44 countries (representing over 80% of global trade in services) - the analysis highlights the magnitude, nature and impact of the costs entailed by restrictive services trade policies. The new evidence uncovered is meant to inform trade policy makers and the private sector about the likely effects of unilateral or concerted regulatory reforms and help prioritise policy action.

Global Trade in Services

Global Trade in Services
Author: J. Bradford Jensen
Publisher: Peterson Institute
Total Pages: 0
Release: 2011
Genre: International trade
ISBN: 9780881326017

He finds that, in spite of US comparative advantage in service activities, service firms' export participation lags manufacturing firms. Jensen evaluates the impediments to services trade and finds evidence that there is considerable room for liberalization-especially among the large, fast-growing developing economies. The policy recommendations coming out of this path-breaking study are quite clear. The United States should not fear trade in services. It should be pushing aggressively for services trade liberalization. Because other advanced economies have similar comparative advantage in service, the United States should make common cause with the European Union and other advanced economies to encourage the large, fast-growing developing economies to liberalize their service sectors through multilateral negotiations in the General Agreement on Trade in Services and the Government Procurement Agreement.

Elevating Services

Elevating Services
Author: Martin Roy
Publisher:
Total Pages:
Release: 2019
Genre:
ISBN:

Services have long been perceived as playing a secondary role in world trade. In particular, the role of services trade policies and multilateral services commitments often tends to be downplayed. However, in value added terms, services account for about 50% of world trade and are significant in exports of countries of all levels of development. In addition, cross-border trade is expanding as a result of technological advances, and the supply of services by foreign affiliates (mode 3) exceeds trade through other modes of supply. Services trade policies, which cover a wide range of "inside-the-border" measures, are an important determinant of foreign direct investment, economy-wide productivity, manufacturing competitiveness and exports, and flows of services value added. This paper underscores, on the basis of recent services data and a growing body of research on the impact of services policies, the role of services trade in economic development, trade integration, and inclusiveness. It argues that the limited attention given to services trade policies and to international commitments is increasingly out of step with the role of services in the global economy. Indeed, services trade policies are often restrictive and multinational commitments are generally modest. Taking steps to raise the profile of services trade within government policy-making would help close this gap and highlight the contribution of services trade policy to a wide range of broader national objectives that have an important services dimension, whether SME and gender policy, or the achievement of Sustainable Development Goals (SDGs).

Trading Services in the Global Economy

Trading Services in the Global Economy
Author: Juan R. Cuadrado Roura
Publisher: Edward Elgar Publishing
Total Pages: 316
Release: 2002-01-01
Genre: Business & Economics
ISBN: 1781009937

This book provides one of the first interdisciplinary reviews of the relationship between services, globalisation and trade liberalisation as we enter the twenty-first century. Written by academics and policymakers, it contains a detailed analysis of the characteristics of service trade and of recent and current service trade negotiations.

A Handbook of International Trade in Services

A Handbook of International Trade in Services
Author: Aaditya Mattoo
Publisher: OUP Oxford
Total Pages: 680
Release: 2007-11-22
Genre: Business & Economics
ISBN: 0191553026

International trade and investment in services are an increasingly important part of global commerce. Advances in information and telecommunication technologies have expanded the scope of services that can be traded cross-border. Many countries now allow foreign investment in newly privatized and competitive markets for key infrastructure services, such as energy, telecommunications, and transport. More and more people are travelling abroad to consume tourism, education, and medical services, and to supply services ranging from construction to software development. In fact, services are the fastest growing components of the global economy, and trade and foreign direct investment (FDI) in services have grown faster than in goods over the past decade and a half. International transactions, however, continue to be impeded by policy barriers, especially to foreign investment and the movement of service-providing individuals. Developing countries in particular are likely to benefit significantly from further domestic liberalization and the elimination of barriers to their exports. In many instances, income gains from a reduction in protection to services may be far greater than from trade liberalization in goods. In light of the increasing importance of international trade in services and the inclusion of services issues on the agendas of the multilateral, regional and bilateral trade negotiations, there is an obvious need to understand the economic implications of services trade and liberalization. A Handbook of International Trade in Services provides a comprehensive introduction to the subject, making it an essential reference for trade officials, policy advisors, analysts, academics, and students. Beginning with an overview on the key issues in trade in services and discussion of the GATS, the book then looks at trade negotiations in the service sector, the barriers to trade in services, and concludes by looking at a number of specific service sectors, such as financial services, e-commerce, health services, and the temporary movement of workers.

Globalization and International Trade Policies

Globalization and International Trade Policies
Author: Robert Mitchell Stern
Publisher: World Scientific
Total Pages: 794
Release: 2009
Genre: Business & Economics
ISBN: 9812798099

This book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards. Sample Chapter(s). Chapter 1: Introduction and Overview (97 KB). Contents: Globalization: What the Public Should Know about Globalization and the World Trade Organization (A V Deardorff & R M Stern); Globalization''s Bystanders: Does Trade Liberalization Hurt Countries That Do Not Participate? (A V Deardorff & R M Stern); Global Market Integration and National Sovereignty (A G Brown & R M Stern); Concepts of Fairness in the Global Trading System (A G Brown & R M Stern); Analysis of Multilateral, Regional, and Bilateral Trading Arrangements: Multilateral Trade Negotiations and Preferential Trading Arrangements (A V Deardorff & R M Stern); An Overview of the Modeling of the Choices and Consequences of US Trade Policies (A V Deardorff & R M Stern); Issues of Manufactures Liberalization and Administered Protection in the Doha Round (A V Deardorff & R M Stern); An Assessment of the Economic Effects of the Menu of US Trade Policies (K Kiyota & R M Stern); Trade Diversion Under NAFTA (K Fukao et al.); Some Economic Effects of the Free Trade Agreement between Tunisia and the European Union (D K Brown et al.); A North American Free Trade Agreement: Analytical Issues and a Computational Assessment (D K Brown et al.); Computable General Equilibrium Estimates of the Gains from US-Canadian Trade Liberalization (D K Brown & R M Stern); The Effects of the Tokyo Round on the Structure of Protection (A V Deardorff & R M Stern); Services Trade: Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization (A V Deardorff & R M Stern); International Trade and Labor Standards: Pros and Cons of Linking Trade and Labor Standards (D K Brown et al.); The Effects of Multinational Production on Wages and Working Conditions in Developing Countries (D K Brown et al.); US Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor (D K Brown et al.); Labor Standards and International Trade (R M Stern). Readership: Upper-level undergraduates, post graduates, academics, researchers and policy-makers in international trade and finance.

Australian Services Trade in the Global Economy

Australian Services Trade in the Global Economy
Author: OECD
Publisher: OECD Publishing
Total Pages: 185
Release: 2018-10-23
Genre:
ISBN: 926430391X

This book presents an in depth analysis of the contribution of services to the Australian economy, the regulatory environment of the services sector and its performance in an international context. The analysis highlights the importance of co-ordinated domestic policy action, priorities for ...

Competition Policies for an Integrated World Economy

Competition Policies for an Integrated World Economy
Author: F. M. Scherer
Publisher: Brookings Institution Press
Total Pages: 172
Release: 1994-07-01
Genre: Business & Economics
ISBN: 9780815791713

"Scherer has demonstrated yet again why he is one of the world's leading antitrust scholars. This book provides a much needed, in-depth study of the role of national antitrust policies in a global economy. The Antitrust Division wrestles with this question daily and this book provides a guide to us and to all those interested in antitrust policy with some important answers."—Anne K. Bingaman, Assistant Attorney General, Antitrust Division, U.S. Department of Justice. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the world's leading economists, political scientists, foreign policy specialists and government officials. A volume of Brookings' Integrating National Economies Series