Global Gains from Liberalising Trade in Telecommunications and Financial Services

Abstract

This paper uses a general equilibrium model to assess the effects of liberalising trade in telecommunications and financial services for 19 regions of the world. Results suggest that economies gain from removing barriers to the establishment of new operations (domestic or foreign), and by liberalising the operations of existing operators. For the world as a whole, the one-off gains are estimated to be at least 0.2 per cent of combined GNP, or about US$50 billion.trade in services - telecommunications - finance - financial services - general agreement on trade in services - GATS - trade liberalisation - global