Multilateral liberalisation of services trade and investment in a globalising world: scope and limitations
Conclusion : There are substantial gains, all round, from liberalisation of services trade and investment. International transactions in services tend to be concentrated among developed economies and as, the Australian experience of reform demonstrate, the service sector can provide new sources of productivity growth in higher income economies. There is much to gain from further rounds of deregulation and liberalisation. The modelling results also point to the size of the impediments and the...[Show more]
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