Edited by Aaditya Mattoo, Lucy Payton
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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
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
mustcommit 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.
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