The service sector makes a key contribution to gross domestic product (GDP) and employment in most developing countries. It also provides essential inputs and public services for the economy. International trade in services can improve economic performance and provide a range of traditional and new export opportunities.
However, as the global financial crisis has highlighted, trade in service liberalisation also carries risks. Appropriate regulation and other complementary policies are essential to ensure that liberalisation delivers the expected benefits in the long-run. Report in PDF format; Number pages: 4p