The Importance of and Barriers to Trade in Services in Developing Countries

The provision of services through trade to Developing countries is a topic which takes careful investigation and analysis. When looking casually, it might be seen as a negative to a local economy where “Fly In, Fly Out” workers come and peddle their wares, leaving with a big suitcase of cash at the end.

When the data is examined however, and compared directly with developing economies which restrict such trade in services, the results a clear – a nearly 5 to 1 advantage in economic growth where foreign expertise is sought.