Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf

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Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download. The service sector accounts for more than 70 percent of the gross domestic product (GDP) of advanced industrial economies. Though trade in services is difficult to calculate and many transactions still go uncounted, current estimates place the worth of such trade as at least $2.5 trillion, or about a third of total world trade. For the United States, the world’s most advanced industrial economy, the service sector looms even larger.

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download

Services account for almost 80 percent of U.S. production and U.S. employment (while manufacturing accounts for 19 percent of U.S. GDP and 18 percent of U.S. employment). The surplus in U.S. services trade also partially offsets persistent U.S. merchandise trade deficits. In 1999, the services trade surplus was $76 billion; the merchandise deficit, $347 billion. Despite the increasing importance of services trade and investment, only in 1995 did the multilateral trading system establish rules for opening markets in these economic sectors by negotiating the General Agreement on Trade in Services (GATS). This first effort at a discipline for services trade and investment created a framework of general principles and rules but left the large-scale liberalization of individual sectors to later negotiations.

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download

Subsequently, under a mandate established as a part of the Uruguay Round negotiations, important advances toward real liberalization were achieved in two key sectors, telecommunications (1998) and financial services (1999), and services negotiations continued after the Round. In addition, members of the new World Trade Organization also committed themselves during the Uruguay Round to begin a new round of services trade negotiations in the year 2000.

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download

Against this backdrop the American Enterprise Institute launched a new research project focusing on this next round of negotiations. Services 2000, as the new negotiations are called, are building on the unfinished agenda of the Uruguay Round and will, it is hoped, break new ground in areas such as market access liberalization, additional architectural reforms in the GATS structure, and horizontal (cross-sectoral) rulemaking regarding safeguards, government procurement, and subsidies. The American Enterprise Institute project was mounted in conjunction with a group of other research institutions— the Kennedy School of Government at Harvard University and the Brookings Institution—and with the U.S. Coalition of Services Industries. AEI undertook a series of individual sectoral analyses.

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download

We commissioned papers on eight sectors:
financial services (banks and securities), accounting, insurance, entertainment and culture, air freight and air cargo, airline passenger service, electronic commerce, and energy. Each study aimed to identify major barriers to trade liberalization in the sector under scrutiny and to present and assess liberalization policy options for trade negotiators and interested private-sector participants. AEI would like to acknowledge the following donors for their generous support of the trade in services project, which provided some of the funding that allowed these studies to go forward: American Express Company, American International Group Inc., Enron Corporation, FedEx Corporation, Mastercard International Inc., the Motion Picture Association of America, and the Mark Twain
Institute.

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download

Reducing the Barriers to International Trade in Accounting Services by Lawrence J White pdf free download


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