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International Trade in Services: Implications for the Fund
Author:
Ms. Natalia T. Tamirisa
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,
Mr. Alexander Lehmann
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, and
Mr. Jaroslaw Wieczorek
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Series:
IMF Policy Discussion Papers
Volume/Issue:
Volume 2003: Issue 006
Language:
English
Publication Date:
01 Dec 2003
DOI:
https://doi.org/10.5089/9781451972207.003
ISBN:
9781451972207
ISSN:
1564-5193
Pages:
25
Keywords:
PDP; capital account; service trade liberalization; services trade; trade in service; IMF surveillance; member country; international services trade; coherence; WTO; service sector liberalization; services transaction; goods trade; liberalization commitment; IMF mission; liberalization of services trade; cargo services; trade measure; cross-border trade; Trade in services; Services sector; Trade liberalization; Privatization; Africa; Global; Central America
Legal-disclaimer:
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Policy Discussion Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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This paper reviews the characteristics of international trade in services and of the World Trade Organization’s General Agreement on Trade in Services (GATS) framework, which was established to regulate it. Further liberalization of services trade in developing countries, as currently envisaged in the context of the WTO Doha Development Agenda, holds a number of potential benefits, such as underpinning the liberalization of goods trade, but it is also being resisted due to its potential adjustment costs. Two implications for IMF activities are examined: coherence among the three principal international economic institutions and sequencing with macroeconomic stabilization and regulatory reforms.
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Cover IMF Policy Discussion Papers
IMF Policy Discussion Papers
ISSN:
1564-5193
Publisher:
International Monetary Fund