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Services Trade and Policy

Journal of economic literature, 2010-09, Vol.48 (3), p.642-692 [Peer Reviewed Journal]

Copyright © 2010 American Economic Association ;World Bank ;Copyright American Economic Association Sep 2010 ;ISSN: 0022-0515 ;EISSN: 2328-8175 ;DOI: 10.1257/jel.48.3.642 ;CODEN: JECLB3

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Title:
Services Trade and Policy
Author: Francois, Joseph ; Hoekman, Bernard
Subjects: Country and Industry Studies of Trade F140 ; Determinants ; Economic development ; Economic growth ; Economic performance ; Economic policy ; Economic regulation ; Economics ; Firm theory ; Foreign direct investment ; Foreign investment ; Gains from trade ; Global economy ; Globalization ; Industry Studies: Services: General L800 ; Industry Studies: Transportation and Utilities: General L900 ; International Business F230 ; International Linkages to Development ; International trade ; International Trade Organizations F130 ; Labour policy ; Liberalization ; Liberalization policy ; Multinational Firms ; National planning ; Offshoring ; Productivity ; Productivity growth ; Protectionism ; Regional integration ; Regulatory reform ; Review articles ; Role of International Organizations O190 ; Service industries ; Studies ; Trade ; Trade agreements ; Trade development ; Trade in services ; Trade liberalization ; Trade Policy ; Trade regulations ; Trade volume ; Unilateralism ; Wage dynamics ; Wealth distribution ; World Trade Organization
Is Part Of: Journal of economic literature, 2010-09, Vol.48 (3), p.642-692
Description: A substantial body of research has taken shape on trade in services since the mid-1980s. Much of this is inspired by the WTO and regional trade agreements. However, an increasing number of papers focus on the impacts of unilateral services sector liberalization. The literature touches on important linkages between trade and FDI in services and the general pattern of productivity growth and economic development. This paper surveys the literature on services trade, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade, and efforts to cooperate to achieve such liberalization through trade agreements. There is increasing evidence that services liberalization is a major potential source of gains in economic performance, including productivity in manufacturing and the coordination of activities both between and within firms. The performance of service sectors, and thus services policies, may also be an important determinant of trade volumes, the distributional effects of trade, and overall patterns of economic growth and development. At the same time, services trade is also a source of increasing political unease about the impacts of globalization on labor markets, linked to worries about offshoring and the potential pressure this places on wages in high income countries.
Publisher: Nashville: American Economic Association
Language: English
Identifier: ISSN: 0022-0515
EISSN: 2328-8175
DOI: 10.1257/jel.48.3.642
CODEN: JECLB3
Source: Open Knowledge Repository

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Services Trade and Policy

Copyright © 2010 American Economic Association ;World Bank ;Copyright American Economic Association Sep 2010 ;ISSN: 0022-0515 ;EISSN: 2328-8175 ;DOI: 10.1257/jel.48.3.642 ;CODEN: JECLB3

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