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International Trade in Services.pdf - DSpace at Khazar University

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<strong>Services</strong> are often overlooked and untapped by develop<strong>in</strong>g countries.<br />

Yet services are crucial to them. Some services are essential build<strong>in</strong>g blocks<br />

<strong>in</strong> the development process, while others offer unique trade opportunities.<br />

This book uses a wealth of examples to make those important po<strong>in</strong>ts.<br />

Andre Sapir<br />

Professor of Economics, Solvay Brussels School of Economics<br />

and Management (ECARES), Universite Libre de Bruxelles<br />

Economists habitually focus disproportion<strong>at</strong>ely on merchandise trade,<br />

especially when it comes to develop<strong>in</strong>g countries. Yet, the develop<strong>in</strong>g country<br />

services trade is rapidly grow<strong>in</strong>g, even outpac<strong>in</strong>g the growth <strong>in</strong> merchandise<br />

trade <strong>in</strong> countries such as India. This <strong>in</strong>dispensable volume not only corrects<br />

the exist<strong>in</strong>g imbalance <strong>in</strong> the liter<strong>at</strong>ure but offers valuable orig<strong>in</strong>al <strong>in</strong>sights <strong>in</strong>to<br />

how develop<strong>in</strong>g countries could take advantage of the vast opportunities<br />

th<strong>at</strong> the services trade offers.<br />

Arv<strong>in</strong>d Panagariya<br />

Professor of Economics &<br />

Jagdish Bhagw<strong>at</strong>i Professor of Indian Political Economy<br />

Columbia <strong>University</strong>, New York<br />

This is an important step forward <strong>in</strong> the learn<strong>in</strong>g curve of trade <strong>in</strong> services<br />

and develop<strong>in</strong>g countries. <strong>Intern<strong>at</strong>ional</strong> <strong>Trade</strong> <strong>in</strong> <strong>Services</strong> is relevant to<br />

policy makers, among others, who seek to implement efficient regul<strong>at</strong>ory<br />

frameworks th<strong>at</strong> allow the provision of services <strong>in</strong> competitive markets.<br />

This is particularly true <strong>in</strong> the context of the fragment<strong>at</strong>ion of production<br />

processes th<strong>at</strong> gener<strong>at</strong>e important niches for the particip<strong>at</strong>ion of develop<strong>in</strong>g<br />

countries’ suppliers from all over the world. These <strong>in</strong>clude highly complex<br />

services activities such as health and eng<strong>in</strong>eer<strong>in</strong>g, as well as capital-<strong>in</strong>tensive<br />

activities such as distribution and construction services.<br />

Alejandro Jara<br />

Deputy Director General<br />

World <strong>Trade</strong> Organiz<strong>at</strong>ion<br />

ISBN 978-0-8213-8353-7<br />

SKU 18353

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