Greg McGuire
Published: 2002
Total Pages: 42
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The service sector is the most important sector for most developed economies being the largest contributor to gross domestic product, production, and employment. Developing economies on the other hand have a comparative advantage in labor services, however, the export of many of these services is limited by many restrictions on the temporary movement of labor imposed through domestic regulation. This study provides a comprehensive overview of the international trade in services focusing on market access in foreign markets. It also explains how developing economies are dealing with the issue of trade restrictions so as to spur development of the service sector.
