Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Trade in financial services in developing countries: a case of the Bangladesh financial sector

Trade in financial services in developing countries: a case of the Bangladesh financial sector Purpose – The purpose of this paper is to investigate the opportunities and challenging prospects for liberalizing financial services in various ways under the General Agreement on Trade in Services (GATS), in view of Bangladesh's interests and concerns. Design/methodology/approach – Different tabular and graphical approaches and critical investigation are conducted to analyze the impact of financial liberalization to explore challenges and opportunities of liberalizing financial sector under GATS framework. Findings – This paper finds that although Bangladesh does not make any commitment under GATS, the rate of liberalization in the financial sector has been quite rapid. As one of the least developed countries (LDCs), Bangladesh should have the flexibility to make commitments as well. From the present status of financial sector liberalization, this paper recommends that Bangladesh should adopt commitments because any non‐commitment sends the wrong signal to the global market and may reduce foreign direct investment. Practical implications – The recommendation of this paper is very practical for trade policy for liberalizing financial sector in Bangladesh as well as other developing countries which already made great liberalization of this sector but did not make any commitments under GATS. Originality/value – This paper is the first attempt to analyze the financial sector liberalization under GATS framework in the LDCs particularly in Bangladesh financial sector. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of International Trade Law and Policy Emerald Publishing

Trade in financial services in developing countries: a case of the Bangladesh financial sector

Download PDF
23 pages

Loading next page...
 
/lp/emerald-publishing/trade-in-financial-services-in-developing-countries-a-case-of-the-PoK8oJ06Wf

References (30)

Publisher
Emerald Publishing
Copyright
Copyright © 2009 Emerald Group Publishing Limited. All rights reserved.
ISSN
1477-0024
DOI
10.1108/14770020910981461
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to investigate the opportunities and challenging prospects for liberalizing financial services in various ways under the General Agreement on Trade in Services (GATS), in view of Bangladesh's interests and concerns. Design/methodology/approach – Different tabular and graphical approaches and critical investigation are conducted to analyze the impact of financial liberalization to explore challenges and opportunities of liberalizing financial sector under GATS framework. Findings – This paper finds that although Bangladesh does not make any commitment under GATS, the rate of liberalization in the financial sector has been quite rapid. As one of the least developed countries (LDCs), Bangladesh should have the flexibility to make commitments as well. From the present status of financial sector liberalization, this paper recommends that Bangladesh should adopt commitments because any non‐commitment sends the wrong signal to the global market and may reduce foreign direct investment. Practical implications – The recommendation of this paper is very practical for trade policy for liberalizing financial sector in Bangladesh as well as other developing countries which already made great liberalization of this sector but did not make any commitments under GATS. Originality/value – This paper is the first attempt to analyze the financial sector liberalization under GATS framework in the LDCs particularly in Bangladesh financial sector.

Journal

Journal of International Trade Law and Policy – Emerald Publishing

Published: Jun 19, 2009

Keywords: Trade; Financial services; Bangladesh; Agreements

There are no references for this article.