PROTECTION AND TRADE IN SERVICES - A SURVEY

This paper surveys the literature on trade in services, focusing on th e policies that are used to restrict such trade, the gains from libera lization, and the institutional mechanisms that have been adopted in t he pursuit of liberalization. The paper argues that technological prog ress and international trade negotiations are likely to keep liberaliz ation of trade in services a high profile policy issue. It also sugges ts that the research agenda should focus on developing better estimate s of the welfare costs of protectionism in the service sector.