Quantifying the benefits of services trade liberalisation
Copyright © Centre for International Economics 2010
The service sectors account for around 70 per cent of economic activity in most
developed economies, and an ever increasing share of activity in low and middle
income countries. Despite the importance of the service sectors to the global and
Australian economies, their contribution to economic performance is not well
understood, and this extends to the economic gains that could follow from
liberalisation of service trade and investment flows.