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Full Description
India's services trade has grown at a very fast pace and now contributes more than one-third of the export revenue. India has also succeeded in raising its penetration in global markets more rapidly for services than for goods. Discussing the theoretical and empirical basis of the flourishing world trade in services, this book analyses the factors responsible for the rapid rise in services trade in India, its composition, and sectoral strengths and weaknesses.
Being invisible, services trade faces many complicated barriers and challenges. Highlighting the implications of rising services trade for pro-poor growth, this book delineates why removal of barriers to trade in services may be welfare enhancing in terms of its efficiency in reducing poverty as well as inequality. Taking the case of higher education, heath, and transportation services, it identifies the existing barriers and suggests selective liberalization.
Contents
LIST OF TABLES, FIGURES, BOXES, AND APPENDICES ; PREFACE ; ACKNOWLEDGEMENTS ; 1. INTRODUCTION ; 2. THEORETICAL UNDERPINNINGS OF SERVICES TRADE ; 3. EMERGING PATTERNS OF SERVICES TRADE OF DEVELOPING COUNTRIES ; 4. SERVICES TRADE IN INDIA: PROFILE AND COMPETITIVENESS ; 5. MEASURING THE BARRIERS TO TRADE IN SERVICES ; 6. IMPACT OF BARRIERS ON SERVICES TRADE ; 7. TRADE IN HIGHER EDUCATION SERVICES IN INDIA AND ABROAD ; 8. TRADE IN HEALTH SERVICES IN INDIA ; 9. TRADE IN TRANSPORTATION SERVICES: COMPETITION AND EFFICIENCY ; 10. SERVICES TRADE AND PRO-POOR GROWTH IN INDIA ; 11. MAKING TRADE IN SERVICES WORK FOR THE POOR: EMERGING CHALLENGES AND POLICY OPTIONS ; 12. CONCLUSIONS ; REFERENCE ; INDEX