Trade in Services: A Case for Open Markets: 415 (AEI Studies) - Softcover

Aronson, Jonathan David; Cowhey, Peter F.

Softcover

ISBN 10: 0844735701 ISBN 13: 9780844735702

Publisher: AEI Press, 1984

Synopsis

Although the service sector has been largely ignored in the world trade system, trade in services has in the past two decades become an important source of jobs and economic growth. In 1980 global service exports totaled about $370 billion, about 20 percent of world trade. Yet no coherent system of rules and procedures governs trade in services. Multilateral trade negotiations did not even consider services until Tokyo Round negotiations of the mid-1970s, and then only at US insistence. Since then US persistence has begun to reap results. Trade in services was one of the three most debated issues at the November 1982 General Agreement on Tariffs and Trade (GATT) ministerial meeting, and the May 1983 Williamsburg Summit's closing statement included a commitment to work toward free trade in services.

Do services merit a prominent place in the trade agenda of the United States? Even if services deserve a high priority in principle, is it feasible to negotiate general rules for the services trade under GATT? Are other countries willing to change their longstanding history of regulation of services markets and to expose their national firms to the challenges of large US service firms? If the United States enters into multilateral negotiations on services, what might it expect to achieve?

About this title

About the Author

Peter F. Cowhey, a former senior FCC official, is Dean of the School of International Relations and Pacific Studies and Qualcomm Endowed Chair in Communications and Technology Policy at the University of California, San Diego.

Edition details

• Publisher: AEI Press
• Publication date: 1984
• Language: English
• ISBN 10: 0844735701
• ISBN 13: 9780844735702
• Binding: Paperback
• Number of pages: 54