By Phedon Nicolaides
Assesses the EC's method of the liberalization of carrier exchange and warns of the risks of looking 'equivalent reciprocity'. It indicates a distinct strategy and set of ambitions extra applicable to the GATT. booklet conceal; part identify; identify; Copyright; Contents; commitment; Acknowledgements; 1 THE problem OF REFORMING coverage ON prone; 2 the character OF companies; three creation AND alternate OF prone; four DISCRIMINATION VS law; five LIBERALIZATION within the ecu neighborhood; 6 companies IN GATT; 7 ACCOMMODATING constructing international locations; eight clients for achievement; REFERENCES; contemporary comparable titles
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Additional resources for Liberalizing Service Trade : Strategies for Success
Not only have products become more differentiated with higher technological content; they are also increasingly provided in the form of bundles or packages of different functions. They can frequently be combined with other products or services. Especially in services, there is a tendency towards ‘networking’. Networks allow many users to gain simultaneous access to an ever greater number of distinct services. For example, the expansion and improvement in telecommunication technology have made available services such as home banking and home shopping which may both use the same network.
Among developing countries, which as a whole have a deficit in invisibles, there are quite a few which have surpluses in individual sectors such as shipping and travel. The largest source of earnings is the remittances of workers shown by unrequited transfers. Egypt, India and Pakistan each receive almost SDR 3 billion from their workers abroad. PRODUCTION AND TRADE OF SERVICES 35 This amount is far greater than that of any industrial country, and it shows in which kind of services developing countries have a strong advantage.
Continuous supervision is itself an impediment to change brought about by competition (see, for example, Veljanovski, 1987, on the regulation of broadcasting in the UK). Hence, regulation may inhibit competition and innovation of new services. A third cost arises from the fact that consumers have different preferences. Regulation works by specifying required product features or the minimum acceptable level of quality. It reduces the variety available to consumers. Those who prefer a higher quality and are prepared to pay a higher price usually benefit as a result of regulation.