Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What do developing countries whose primary exports are agricultural products stand to gain from services liberalization?

1
Posted

What do developing countries whose primary exports are agricultural products stand to gain from services liberalization?

0

Developing countries need to be not only efficient exporters of those services in which they have a comparative advantage, but also efficient importers of services. This is just as important, if not more so, in order for a country to be able to enhance its productivity and make all sectors of its economy more efficient. Importing high quality and lower-cost services also means that a country is better able to produce those goods or other services which it can then export more competitively. For example, many developing countries export tourism services, which is one of the fastest growth sectors in the world economy and which employs one out of every ten workers. However, the ability to supply tourists with better communication services, better roads to visit sites, ATM machines to withdraw cash, among others, through the import of more efficient telecommunications providers, transport providers and financial service providers, will benefit the development of this sector. Developing co

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.