The Uruguay round

the long version

Part one of this book looks at the validity and adequacy of basic economic tools for analyzing services trade issues with the familiar GATT tradition of trade negotiations. Part two presents for each main group of services, the economic characteristics of their production, the modes of delivery, the impact of the current international environment, and the existing methods and extent of regulation and protection in industrial and developing countries. Part three through case studies of selected countries, examines the basic questions that the delegations in Geneva will have in mind as they negotiate a framework agreement--in particular, the balance between the costs of adjusting to a more open environment and the gains from liberalization.