Financial Services and the WTO : Liberalization in the Developing and Transition Economies
World Trade Organization
This paper analyses the results of the financial services negotiations under the General Agreement on Trade in Services (GATS) at the World Trade Organization (WTO). It shows that the negotiations have contributed to more stable and transparent policy regimes in many developing and transition countries. The wide range of market access and non-discrimination commitments should advance the process of progressive liberalization. The commitments do not compromise the ability of countries to pursue sound macroeconomic and regulatory policies. However, other aspects of the outcome do raise some concerns. First, there has been less emphasis on the introduction of competition through allowing new entry than on allowing (or maintaining) foreign equity participation and protecting the position of incumbents. Secondly, even where immediate introduction of competition was not deemed feasible, not much advantage has been taken of the GATS to lend credibility to liberalization programmes by precommitting to future market access.
Year of publication: |
1998
|
---|---|
Institutions: | World Trade Organization (issuing body) |
Publisher: |
Geneva : World Trade Organization |
Subject: | Finanzdienstleistung | Financial services | Finanzmarktregulierung | Financial market regulation | WTO-Recht | WTO law | Entwicklungsländer | Developing countries | Systemtransformation | Economic transition | Welt | World | Dienstleistungshandel | Trade in services | Handelsliberalisierung | Trade liberalization | Transformationsstaaten | Transition countries | Deregulierung | Deregulation | Osteuropa | Eastern Europe | GATS |
Saved in:
Online Resource
Extent: | 1 Online-Ressource (68 p.) |
---|---|
Series: | WTO Working Papers ; no.1998/16 |
Type of publication: | Book / Working Paper |
Language: | English |
Other identifiers: | 10.30875/18cd32ef-en [DOI] |
Classification: | G28 - Government Policy and Regulation ; F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; K33 - International Law |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012884310
Saved in favorites
Similar items by subject
-
Financial services and the WTO : liberalization in the developing and transition economies
Mattoo, Aaditya, (1998)
-
Reform in basic telecommunications and the WTO negotiations : the Asian experience
Low, Patrick, (1998)
-
Services liberalization in transition economies : the case of North and Central Asia
Soprana, Marta, (2016)
- More ...
Similar items by person