Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation

Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather th...

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Main Author:	Mattoo, Aaditya
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	SERVICES TRADE GATS TRADE AGREEMENT COOPERATION REGULATION GENERAL AGREEMENT ON TRADE IN SERVICES GLOBALIZATION TRADE LIBERALIZATION DATA PRIVACY
Online Access:	http://documents.worldbank.org/curated/en/340741536670011626/Services-Globalization-in-an-Age-of-Insecurity-Rethinking-Trade-Cooperation http://hdl.handle.net/10986/30423

id	okr-10986-30423
recordtype	oai_dc
spelling	okr-10986-304232021-06-08T14:42:47Z Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation Mattoo, Aaditya SERVICES TRADE GATS TRADE AGREEMENT COOPERATION REGULATION GENERAL AGREEMENT ON TRADE IN SERVICES GLOBALIZATION TRADE LIBERALIZATION DATA PRIVACY Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for liberalization. This paper makes four points. First, current trade disciplines are a useful but inadequate restraint on regulatory protection. Second, proposed disciplines on domestic regulation would add value but would not solve problems with the application of existing trade law and could create a hold-back problem in securing new liberalizing commitments. Third, insulating domestic consumers from international market failure is a precondition for further liberalization in many services sectors, and the relevant international bargain needs to be an exchange of regulatory commitments by exporters in return for market access commitments by importers. Fourth, such bargains create a risk of exclusion for nonparticipants that can and should be addressed. The paper illustrates these arguments drawing upon recent developments relating to data privacy, financial services, labor mobility, and competition policy. 2018-09-13T21:25:34Z 2018-09-13T21:25:34Z 2018-09 Working Paper http://documents.worldbank.org/curated/en/340741536670011626/Services-Globalization-in-an-Age-of-Insecurity-Rethinking-Trade-Cooperation http://hdl.handle.net/10986/30423 English Policy Research Working Paper;No. 8579 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	SERVICES TRADE GATS TRADE AGREEMENT COOPERATION REGULATION GENERAL AGREEMENT ON TRADE IN SERVICES GLOBALIZATION TRADE LIBERALIZATION DATA PRIVACY
spellingShingle	SERVICES TRADE GATS TRADE AGREEMENT COOPERATION REGULATION GENERAL AGREEMENT ON TRADE IN SERVICES GLOBALIZATION TRADE LIBERALIZATION DATA PRIVACY Mattoo, Aaditya Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
relation	Policy Research Working Paper;No. 8579
description	Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for liberalization. This paper makes four points. First, current trade disciplines are a useful but inadequate restraint on regulatory protection. Second, proposed disciplines on domestic regulation would add value but would not solve problems with the application of existing trade law and could create a hold-back problem in securing new liberalizing commitments. Third, insulating domestic consumers from international market failure is a precondition for further liberalization in many services sectors, and the relevant international bargain needs to be an exchange of regulatory commitments by exporters in return for market access commitments by importers. Fourth, such bargains create a risk of exclusion for nonparticipants that can and should be addressed. The paper illustrates these arguments drawing upon recent developments relating to data privacy, financial services, labor mobility, and competition policy.
format	Working Paper
author	Mattoo, Aaditya
author_facet	Mattoo, Aaditya
author_sort	Mattoo, Aaditya
title	Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
title_short	Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
title_full	Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
title_fullStr	Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
title_full_unstemmed	Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
title_sort	services globalization in an age of insecurity : rethinking trade cooperation
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/340741536670011626/Services-Globalization-in-an-Age-of-Insecurity-Rethinking-Trade-Cooperation http://hdl.handle.net/10986/30423
_version_	1764471964737470464

Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation

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