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    Regulatory Implications of Multilateral Trade Liberalisation for the Global Services Market: The Case of the Trade in Services Agreement (TiSA)

    Lieto, Giovanni Di; Treisman, David | December 2018
    Abstract
    Bilateral commitments on the liberalisation of services markets typically build upon those made by individual countries in the World Trade Organization (WTO) under the General Agreement of Trade in Services (GATS). These commitments usually guarantee a noodle bowl of preferential market access, but not much in the way of regulatory harmonisation for globalised services industries. This study aims to investigate the normative and economic implications of multilateral market openings and regulatory harmonisation of the global services sectors beyond the bilateral and WTO/GATS frameworks. The mobile communications industry serves as the initial benchmark analysis in order to empirically assess whether the multilateral liberalisation of the global services market can potentially respond more effectively to the growing transnational competition in production inputs, consumption outputs, and capital attraction in a broader pool of service-oriented economies. Ultimately, this study argues that the multilateral opening of the global services market is on balance beneficial to the domestic services industries, and as such the WTO/GATS framework can be superseded by further economic integration and regulatory harmonisation in future multilateral trade agreements currently under negotiation, such as the Trade in Services Agreement (TiSA).
    Citation
    Lieto, Giovanni Di; Treisman, David. 2018. Regulatory Implications of Multilateral Trade Liberalisation for the Global Services Market: The Case of the Trade in Services Agreement (TiSA). © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/9418.
    ISSN
    2233-9140
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Trade Regulations
    Exchange Rate
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9418
    Metadata
    Show full item record
    Thumbnail
    WEB18-33.pdf (278.5Kb)
    Author
    Lieto, Giovanni Di
    Treisman, David
    Theme
    Trade
    Economics

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    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise