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CAIRO BOOKS's Description
Some see trade in services as irrelevant to the development agenda for least
developed countries (LDCs). Others see few benefits from past market openings
by LDCs. This book debunks both views. It finds that serious imperfections in
Zambia's reform of services trade deprived the country of significant benefits
and diminished faith in liberalization. What is to be done? Move aggressively
and consistently to eliminate barriers to entry and competition. Develop and
enforce regulations to deal with market failures. And implement proactive
policies to widen the access of firms, farms, and consumers to services of all
kinds. These lessons from Zambia are applicable to all LDCs. In all this,
international agreements can help. But to succeed, LDCs must commit to open
markets and their trading partners must provide assistance for complementary
reforms. Zambia, which leads the LDC group at the World Trade Organization, can
show the way.