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Item Details
| Title:
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FINANCIAL SERVICES LIBERALIZATION IN THE WTO
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| By: |
Wendy Dobson, Pierre Jacquet |
| Format: |
Paperback |
| List price:
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£20.00 |
| Our price: |
£16.00 |
| Discount: |
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| You save:
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£4.00 |
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| ISBN 10: |
0881322547 |
| ISBN 13: |
9780881322545 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
rates
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| Stock: |
Currently 0 available |
| Publisher: |
THE PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS |
| Pub. date: |
31 May, 1998 |
| Pages: |
376 |
| Description: |
This text discusses the 1997 WTO financial services negotiations and the agreement reached. It identifies any shortcomings and suggests ways it can be bolstered. It offers a blueprint for future efforts to liberalize financial services and emphasizes that the agreement was only the beginning. |
| Synopsis: |
The stakes were high in the financial services negotiations that were completed in December 1997 at the World Trade Organization (WTO). The developing countries were eager to strengthen and modernize their financial systems. The industrial countries sought access to important emerging markets in Latin America and Asia for their banking, insurance, brokerage, and other financial services firms. In the end, both sides agreed to bind unilateral and regional financial opening and reform that was already under way in many countries, industrial and developing alike. The authors assess the agreement reached in the WTO, identifying its shortcomings and suggesting ways that it can be bolstered in future negotiations. They analyze the impact of the agreement, and of the Asian financial crisis, on the state of liberalization and market opening in several important emerging-market economies-including a summary of the remaining obstacles to establishing efficient and open financial sectors. This book estimates the benefits of opening the financial sector to foreign competition.It assesses the macroeconomic benefits that flow from an improved financial sector and discusses the risks and costs involved in liberalization. The authors conclude with a blueprint for future efforts to liberalize financial services and emphasize that the recent financial services agreement represented only a beginning step in that process. |
| Publication: |
US |
| Imprint: |
Institute for International Economics,U.S. |
| Returns: |
Returnable |
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