"Regulatory Assessment Toolkit: A Practical Methodology for
Assessing Regulation on Services Trade and Investment" provides
guidance on how to assess and reform the regulatory policies of
service trade industries. The toolkit can help government officials
evaluate whether their regulatory framework addresses market
failures, achieves public interest goals in an efficient manner,
and promotes the development of an efficient domestic services
market. Depending on the circumstances and the needs of the
authorities, the toolkit can serve different purposes, including
supporting regulatory reform, improving regulatory governance,
negotiating and implementing trade agreements, and streamlining
regulations to attract foreign investment.
The Regulatory Assessment Toolkit will be of particular interest
to policy makers and government officials from regulatory bodies,
experts at development banks and donor agencies, and academics and
researchers in the field of economic regulation.
"Services are famously (and indeed on occasions literally) where
the rubber of trade meets the road of a country's domestic economic
conditions. Domestic regulation of services has a significant
impact on the vibrancy of trade in services and simultaneously in
trade in goods, since services such as telecommunications,
transport, financial, and energy are inputs to the manufacturing
process. Not surprisingly, domestic regulation of services faces
steep technical, institutional, and political challenges, which are
frequently not obvious either to the casual observer looking in
from the outside or to the sectoral specialist steeped in the nitty
gritty. That is why the Regulatory Assessment Toolkit is such a
useful resource: It offers a sturdy framework for structured,
unbiased, and exhaustive analysis of specific regulatory setups
that will surely help put the diagnosis of regulatory challenges
and the discussion of reform measures to improve efficiency on a
sound basis. Efficiency of services, both domestic and imported, is
key to an economy s overall competitiveness and to consumer
welfare, both in developed and developing countries. The Regulatory
Assessment Toolkit, together with similar initiatives, is a great
tool to help direct and push much-needed reform in these sectors."
-- Eduardo Perez Motta, AGON Law and Economics, former WTO
Ambassador of Mexico, former Chairman of the International
Competition Network (ICN) and former Chairman of the Federal
Competition Commission of Mexico
"Services account for the largest share of economic activity in
all countries and are a key determinant of trade competitiveness.
This toolkit provides practical guidance for analysts seeking to
document and assess the trade impacts of services policy regimes,
as well as useful advice on alternative regulatory approaches that
do not distort trade." --Bernard Hoekman, Robert Schuman Centre for
Advanced Studies, European University Institute
"Services trade and investment flows are facilitated and
constrained by a wide range of regulations-at the border and behind
the border. Despite the growing importance of services in the world
economy, understanding these different regulatory instruments and
their impact on services flows remains very limited. There is
limited awareness of what constitute best practices in services
regulations, or about the institutional frameworks and regulatory
architecture needed to promote the competitiveness of the services
sector as well as the wider economy and to address larger public
policy objectives. This book is most timely in that it not only
fills these gaps in the existing literature on the globalization of
services but also links this analysis to concrete policy inputs in
the form of a toolkit. Academics, researchers, trade negotiators,
and developing country policy officials will find this a most handy
reference. " --Rupa Chanda, Professor of Economics, Indian
Institute of Management Bangalore, India "
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