Tuesday 18 April 2017

SUPPLY CHAIN MALAYSIA: Services Play Role in Development Countries

This article is extracted from Mobilizing Business in Trade Services Book by Malcolm McKinnon.

A significant omission from the MDG Report is any reference to the potential that services trade could bring to poverty alleviation. It does, however, mention the extraordinary rise in the number of mobile phone subscriptions between 1995 and 2011, bringing mobile cellular penetration levels to 87% worldwide and 79% in developing countries (50% in sub-Saharan Africa).

The fall in information and communication technology (ICT) prices brought about by technological advances has allowed more than one third of the world’s population to use the Internet. This offers huge potential for expanding cross-border services trade from developing countries.

It is evident that exports of services have grown significantly in recent years, particularly from developing countries.

Table 1 shows the 17 largest exporters of services among developing countries.

This part of the book looks briefly at some individual sectors, the key characteristics of those sectors, the importance of trade in the sector, including the importance to developing countries, the regulatory issues raised and the drivers for liberalization, from the perspective of business. It highlights developments in the sectors with references to case studies.

The sectors considered are: transport and logistics; tourism and travel; communications; audiovisual services, construction; financial services; computer services and business process outsourcing; other business services including professional services; distribution services and cultural and recreational services. The order in which sectors are considered, and the WTO background document reference for most of them, are in the table below:

On our next entry, we will post about how each of the industries can contribute to the business development.


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