Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation
Trade and investment in services are inhibited by a range of policy restrictions, but the best offers so far in the Doha negotiations are on average twice as restrictive as actual policy. They will generate no additional market opening. Regulatory...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110103094557 http://hdl.handle.net/10986/3290 |
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okr-10986-3290 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABUSE ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURE ASYMMETRIC INFORMATION AUDITS BEST PRACTICE BRAIN DRAIN BUSINESS ASSOCIATIONS BUSINESS PROCESS OUTSOURCING CAPITAL ADEQUACY CD CIRCULAR FLOW COMMERCIAL PRESENCE COMPARATIVE ADVANTAGE COMPETITION FRAMEWORK COMPETITION LAW COMPETITION POLICIES COMPETITIVENESS COMPLETE LIBERALIZATION CONFIDENCE CONSULTING SERVICES CONSUMERS CRITICAL MASS CROSS BORDER TRADE CURRENT ACCOUNT SURPLUSES DAMAGES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DIRECT INVESTMENT DISCRETION DISTRIBUTION NETWORKS DISTRIBUTION SERVICES DOHA DEVELOPMENT AGENDA DOMESTIC FIRMS DOMESTIC REFORM DOMESTIC REGULATION ECONOMIC LAW ECONOMIC ORDER EFFECTIVE REGULATION EMERGING MARKETS ENERGY SERVICES ENTRY BARRIERS EXCHANGE RATE EXPORT MARKETS EXPORTS EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SERVICES FOREIGN BANKS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN ENTRY FOREIGN FIRMS FOREIGN MARKETS FOREIGN PROVIDERS FOREIGN SERVICE PROVIDERS FOREIGN SERVICES FOREIGN SUPPLIERS FOREIGN TRADE GATS GDP GDP PER CAPITA GLOBAL GOVERNANCE GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HOME COUNTRY HUMAN CAPITAL INCOME INDUSTRIAL COUNTRIES INDUSTRIAL COUNTRY INFORMATION SYSTEMS INFORMATION TECHNOLOGIES INFRASTRUCTURE INVESTMENTS INITIATIVE INNOVATIONS INSURANCE INSURANCE COMPANIES INTERNATIONAL COMPETITION INTERNATIONAL COOPERATION INTERNATIONAL TRADE INTERNATIONAL TRADE IN SERVICES INTERNATIONAL TRANSPORT KEY INDUSTRIES KNOWLEDGE ECONOMY KNOWLEDGE RESOURCES LAWYERS LEARNING LEGAL SYSTEM LIBERALIZING COMMITMENTS LIBERALIZING TRADE MANUFACTURING INDUSTRIES MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET ACCESS OPPORTUNITIES MARKET FAILURES MFN MFN EXEMPTIONS MINISTERS MODES OF SUPPLY MOVEMENT OF NATURAL PERSONS MULTILATERAL TRADE NATIONAL TREATMENT NATIONAL WELFARE NATURAL MONOPOLY NATURAL PERSONS OLIGOPOLY OPEN MARKETS OUTSOURCING PARTICULAR COUNTRY PER CAPITA INCOME POLITICAL ECONOMY PREFERENTIAL PRESENCE OF NATURAL PERSONS PROCOMPETITIVE REGULATION PROCUREMENT PRODUCTIVITY GROWTH PROFESSIONAL SERVICES PROTECTIONISM PUBLIC INFORMATION RECOGNITION AGREEMENTS REFORM PROGRAMS REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REGIONAL TRADE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY BARRIERS REGULATORY FRAMEWORKS REGULATORY PRINCIPLES REGULATORY REFORM REGULATORY REGIME REGULATORY RESTRICTIONS REGULATORY STANDARDS REGULATORY SYSTEMS REVERSE AUCTION SATELLITES SAVINGS SECURITY CONCERNS SERVICE ACTIVITIES SERVICE DELIVERY SERVICE SECTOR SERVICE SECTORS SERVICE SUPPLIER SERVICE SUPPLIERS SERVICES ACTIVITIES SERVICES AGREEMENTS SERVICES CONTEXT SERVICES INDUSTRIES SERVICES INPUTS SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES PROVIDERS SERVICES REGULATION SERVICES SECTOR SERVICES SECTORS SERVICES SUPPLIERS SERVICES TRADE SINGLE MARKET TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS TRADE BARRIERS TRADE IN SERVICES TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE RESTRICTIONS TRADING PARTNERS TRADING SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS TRANSPARENCY TRANSPORT SERVICES UNEMPLOYMENT UNIVERSAL ACCESS UNIVERSAL ACCESS FUNDS URUGUAY ROUND WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ABUSE ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURE ASYMMETRIC INFORMATION AUDITS BEST PRACTICE BRAIN DRAIN BUSINESS ASSOCIATIONS BUSINESS PROCESS OUTSOURCING CAPITAL ADEQUACY CD CIRCULAR FLOW COMMERCIAL PRESENCE COMPARATIVE ADVANTAGE COMPETITION FRAMEWORK COMPETITION LAW COMPETITION POLICIES COMPETITIVENESS COMPLETE LIBERALIZATION CONFIDENCE CONSULTING SERVICES CONSUMERS CRITICAL MASS CROSS BORDER TRADE CURRENT ACCOUNT SURPLUSES DAMAGES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DIRECT INVESTMENT DISCRETION DISTRIBUTION NETWORKS DISTRIBUTION SERVICES DOHA DEVELOPMENT AGENDA DOMESTIC FIRMS DOMESTIC REFORM DOMESTIC REGULATION ECONOMIC LAW ECONOMIC ORDER EFFECTIVE REGULATION EMERGING MARKETS ENERGY SERVICES ENTRY BARRIERS EXCHANGE RATE EXPORT MARKETS EXPORTS EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SERVICES FOREIGN BANKS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN ENTRY FOREIGN FIRMS FOREIGN MARKETS FOREIGN PROVIDERS FOREIGN SERVICE PROVIDERS FOREIGN SERVICES FOREIGN SUPPLIERS FOREIGN TRADE GATS GDP GDP PER CAPITA GLOBAL GOVERNANCE GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HOME COUNTRY HUMAN CAPITAL INCOME INDUSTRIAL COUNTRIES INDUSTRIAL COUNTRY INFORMATION SYSTEMS INFORMATION TECHNOLOGIES INFRASTRUCTURE INVESTMENTS INITIATIVE INNOVATIONS INSURANCE INSURANCE COMPANIES INTERNATIONAL COMPETITION INTERNATIONAL COOPERATION INTERNATIONAL TRADE INTERNATIONAL TRADE IN SERVICES INTERNATIONAL TRANSPORT KEY INDUSTRIES KNOWLEDGE ECONOMY KNOWLEDGE RESOURCES LAWYERS LEARNING LEGAL SYSTEM LIBERALIZING COMMITMENTS LIBERALIZING TRADE MANUFACTURING INDUSTRIES MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET ACCESS OPPORTUNITIES MARKET FAILURES MFN MFN EXEMPTIONS MINISTERS MODES OF SUPPLY MOVEMENT OF NATURAL PERSONS MULTILATERAL TRADE NATIONAL TREATMENT NATIONAL WELFARE NATURAL MONOPOLY NATURAL PERSONS OLIGOPOLY OPEN MARKETS OUTSOURCING PARTICULAR COUNTRY PER CAPITA INCOME POLITICAL ECONOMY PREFERENTIAL PRESENCE OF NATURAL PERSONS PROCOMPETITIVE REGULATION PROCUREMENT PRODUCTIVITY GROWTH PROFESSIONAL SERVICES PROTECTIONISM PUBLIC INFORMATION RECOGNITION AGREEMENTS REFORM PROGRAMS REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REGIONAL TRADE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY BARRIERS REGULATORY FRAMEWORKS REGULATORY PRINCIPLES REGULATORY REFORM REGULATORY REGIME REGULATORY RESTRICTIONS REGULATORY STANDARDS REGULATORY SYSTEMS REVERSE AUCTION SATELLITES SAVINGS SECURITY CONCERNS SERVICE ACTIVITIES SERVICE DELIVERY SERVICE SECTOR SERVICE SECTORS SERVICE SUPPLIER SERVICE SUPPLIERS SERVICES ACTIVITIES SERVICES AGREEMENTS SERVICES CONTEXT SERVICES INDUSTRIES SERVICES INPUTS SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES PROVIDERS SERVICES REGULATION SERVICES SECTOR SERVICES SECTORS SERVICES SUPPLIERS SERVICES TRADE SINGLE MARKET TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS TRADE BARRIERS TRADE IN SERVICES TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE RESTRICTIONS TRADING PARTNERS TRADING SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS TRANSPARENCY TRANSPORT SERVICES UNEMPLOYMENT UNIVERSAL ACCESS UNIVERSAL ACCESS FUNDS URUGUAY ROUND WORLD TRADE WORLD TRADE ORGANIZATION WTO Hoekman, Bernard Mattoo, Aaditya Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5517 |
| description |
Trade and investment in services are
inhibited by a range of policy restrictions, but the best
offers so far in the Doha negotiations are on average twice
as restrictive as actual policy. They will generate no
additional market opening. Regulatory concerns help explain
the limited progress. This paper develops two proposals to
enhance the prospects for both liberalization of services
trade and regulatory reform. The first is for governments to
create mechanisms ("services knowledge platforms")
to bring together regulators, trade officials, and
stakeholders to discuss services regulatory reform. Such
mechanisms could identify reform priorities and
opportunities for utilization of "aid for trade"
resources, thereby putting in place the preconditions for
future market opening. The second proposal is for a new
approach to negotiations in the World Trade Organization,
with a critical mass of countries that account for the bulk
of services production agreeing to lock-in applied levels of
protection and pre-committing to reform of policies
affecting foreign direct investment and international
movement for individual service providers -- two areas where
current policy is most restrictive and potential benefits
from liberalization are greatest. If these proposals cannot
be fully implemented in the Doha time frame, then any Doha
agreement could at least lay the basis for a forward-looking
program of international cooperation along the proposed lines. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Hoekman, Bernard Mattoo, Aaditya |
| author_facet |
Hoekman, Bernard Mattoo, Aaditya |
| author_sort |
Hoekman, Bernard |
| title |
Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation |
| title_short |
Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation |
| title_full |
Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation |
| title_fullStr |
Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation |
| title_full_unstemmed |
Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation |
| title_sort |
services trade liberalization and regulatory reform : re-invigorating international cooperation |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110103094557 http://hdl.handle.net/10986/3290 |
| _version_ |
1764386741348728832 |
| spelling |
okr-10986-32902021-04-23T14:02:08Z Services Trade Liberalization and Regulatory Reform : Re-invigorating International Cooperation Hoekman, Bernard Mattoo, Aaditya ABUSE ACCOUNTING ADVERSE CONSEQUENCES AGRICULTURE ASYMMETRIC INFORMATION AUDITS BEST PRACTICE BRAIN DRAIN BUSINESS ASSOCIATIONS BUSINESS PROCESS OUTSOURCING CAPITAL ADEQUACY CD CIRCULAR FLOW COMMERCIAL PRESENCE COMPARATIVE ADVANTAGE COMPETITION FRAMEWORK COMPETITION LAW COMPETITION POLICIES COMPETITIVENESS COMPLETE LIBERALIZATION CONFIDENCE CONSULTING SERVICES CONSUMERS CRITICAL MASS CROSS BORDER TRADE CURRENT ACCOUNT SURPLUSES DAMAGES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DIRECT INVESTMENT DISCRETION DISTRIBUTION NETWORKS DISTRIBUTION SERVICES DOHA DEVELOPMENT AGENDA DOMESTIC FIRMS DOMESTIC REFORM DOMESTIC REGULATION ECONOMIC LAW ECONOMIC ORDER EFFECTIVE REGULATION EMERGING MARKETS ENERGY SERVICES ENTRY BARRIERS EXCHANGE RATE EXPORT MARKETS EXPORTS EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SERVICES FOREIGN BANKS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN ENTRY FOREIGN FIRMS FOREIGN MARKETS FOREIGN PROVIDERS FOREIGN SERVICE PROVIDERS FOREIGN SERVICES FOREIGN SUPPLIERS FOREIGN TRADE GATS GDP GDP PER CAPITA GLOBAL GOVERNANCE GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HOME COUNTRY HUMAN CAPITAL INCOME INDUSTRIAL COUNTRIES INDUSTRIAL COUNTRY INFORMATION SYSTEMS INFORMATION TECHNOLOGIES INFRASTRUCTURE INVESTMENTS INITIATIVE INNOVATIONS INSURANCE INSURANCE COMPANIES INTERNATIONAL COMPETITION INTERNATIONAL COOPERATION INTERNATIONAL TRADE INTERNATIONAL TRADE IN SERVICES INTERNATIONAL TRANSPORT KEY INDUSTRIES KNOWLEDGE ECONOMY KNOWLEDGE RESOURCES LAWYERS LEARNING LEGAL SYSTEM LIBERALIZING COMMITMENTS LIBERALIZING TRADE MANUFACTURING INDUSTRIES MARKET ACCESS MARKET ACCESS COMMITMENTS MARKET ACCESS OPPORTUNITIES MARKET FAILURES MFN MFN EXEMPTIONS MINISTERS MODES OF SUPPLY MOVEMENT OF NATURAL PERSONS MULTILATERAL TRADE NATIONAL TREATMENT NATIONAL WELFARE NATURAL MONOPOLY NATURAL PERSONS OLIGOPOLY OPEN MARKETS OUTSOURCING PARTICULAR COUNTRY PER CAPITA INCOME POLITICAL ECONOMY PREFERENTIAL PRESENCE OF NATURAL PERSONS PROCOMPETITIVE REGULATION PROCUREMENT PRODUCTIVITY GROWTH PROFESSIONAL SERVICES PROTECTIONISM PUBLIC INFORMATION RECOGNITION AGREEMENTS REFORM PROGRAMS REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REGIONAL TRADE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY BARRIERS REGULATORY FRAMEWORKS REGULATORY PRINCIPLES REGULATORY REFORM REGULATORY REGIME REGULATORY RESTRICTIONS REGULATORY STANDARDS REGULATORY SYSTEMS REVERSE AUCTION SATELLITES SAVINGS SECURITY CONCERNS SERVICE ACTIVITIES SERVICE DELIVERY SERVICE SECTOR SERVICE SECTORS SERVICE SUPPLIER SERVICE SUPPLIERS SERVICES ACTIVITIES SERVICES AGREEMENTS SERVICES CONTEXT SERVICES INDUSTRIES SERVICES INPUTS SERVICES LIBERALIZATION SERVICES MARKETS SERVICES NEGOTIATIONS SERVICES PROVIDERS SERVICES REGULATION SERVICES SECTOR SERVICES SECTORS SERVICES SUPPLIERS SERVICES TRADE SINGLE MARKET TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATIONS TELECOMS TRADE BARRIERS TRADE IN SERVICES TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE RESTRICTIONS TRADING PARTNERS TRADING SYSTEM TRANSACTION COSTS TRANSACTIONS COSTS TRANSPARENCY TRANSPORT SERVICES UNEMPLOYMENT UNIVERSAL ACCESS UNIVERSAL ACCESS FUNDS URUGUAY ROUND WORLD TRADE WORLD TRADE ORGANIZATION WTO Trade and investment in services are inhibited by a range of policy restrictions, but the best offers so far in the Doha negotiations are on average twice as restrictive as actual policy. They will generate no additional market opening. Regulatory concerns help explain the limited progress. This paper develops two proposals to enhance the prospects for both liberalization of services trade and regulatory reform. The first is for governments to create mechanisms ("services knowledge platforms") to bring together regulators, trade officials, and stakeholders to discuss services regulatory reform. Such mechanisms could identify reform priorities and opportunities for utilization of "aid for trade" resources, thereby putting in place the preconditions for future market opening. The second proposal is for a new approach to negotiations in the World Trade Organization, with a critical mass of countries that account for the bulk of services production agreeing to lock-in applied levels of protection and pre-committing to reform of policies affecting foreign direct investment and international movement for individual service providers -- two areas where current policy is most restrictive and potential benefits from liberalization are greatest. If these proposals cannot be fully implemented in the Doha time frame, then any Doha agreement could at least lay the basis for a forward-looking program of international cooperation along the proposed lines. 2012-03-19T17:59:36Z 2012-03-19T17:59:36Z 2011-01-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110103094557 http://hdl.handle.net/10986/3290 English Policy Research working paper ; no. WPS 5517 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |