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Overlooked Opportunity: Tradable Business Services, Developing Asia, and Growth

Author

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  • Jensen, J. Bradford

    (Peterson Institute for International Economics)

Abstract

This paper argues that developing Asia is overlooking an opportunity for increased growth and development through trade in business services. Developing Asia would benefit from liberalizing services trade as it has benefited from liberalizing goods trade. This argument rests on these key findings: business services are important for growth, developing Asia is relatively under- endowed with business services, many business services are tradable, and developing Asia has relatively high barriers to services trade.

Suggested Citation

  • Jensen, J. Bradford, 2013. "Overlooked Opportunity: Tradable Business Services, Developing Asia, and Growth," ADB Economics Working Paper Series 326, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0326
    Note: http://www.adb.org/sites/default/files/pub/2013/economics-wp326.pdf
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    File URL: https://www.adb.org/publications/overlooked-opportunity-tradable-business-services-developing-asia-and-growth
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    Citations

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    Cited by:

    1. Claes G. Alvstam & Erja Kettunen & Patrik Ström, 2017. "The service sector in the free-trade agreement between the EU and Singapore: closing the gap between policy and business realities," Asia Europe Journal, Springer, vol. 15(1), pages 75-105, March.
    2. Christian Estmann & Bjørn Bo Sørensen & Benno Ndulu & John Rand, 2022. "Merchandise export diversification strategy for Tanzania: Promoting inclusive growth, economic complexity and structural change," The World Economy, Wiley Blackwell, vol. 45(8), pages 2649-2695, August.
    3. Khatiwada, Sameer & Flaminiano, John Paul, 2019. "Prospects for Decent Work in Services," ADBI Working Papers 940, Asian Development Bank Institute.

    More about this item

    Keywords

    services; trade barriers; Asia;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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