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Liberalising trade in financial Services: the Uruguay Round and the Arab countries

Record type: Article

As a result of the Uruguay Round, members of the World Trade Organization (WTO) are committed to initiating gradual liberalization in their service sectors, i.e., to opening their markets to foreign service suppliers. The purpose of this paper is to examine the prospects and problems of trade liberalization in financial services in the Arab countries. The paper draws on the theoretical contributions outlining the case for financial liberalization in developing countries. It reviews the recent performance, structure and regulation of the banking systems in some Arab countries. The main conclusion is that Arab countries do not meet the prerequisites for successful financial liberalization. There is a clear need for internal reform of the financial systems first before opening up to external competition.

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Citation

Wahba, Jackline and Mohieldin, Mahmoud (1998) Liberalising trade in financial Services: the Uruguay Round and the Arab countries World Development, 26, (7), pp. 1331-1348. (doi:10.1016/S0305-750X(98)00055-2).

More information

Published date: July 1998
Keywords: arab countries, developing countries, financial liberalization, banking, uruguay round, financial services

Identifiers

Local EPrints ID: 33064
URI: http://eprints.soton.ac.uk/id/eprint/33064
ISSN: 0305-750X
PURE UUID: 3d60808e-adae-4f15-9441-24311b62bc1e

Catalogue record

Date deposited: 13 Dec 2007
Last modified: 17 Jul 2017 15:54

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Contributors

Author: Jackline Wahba
Author: Mahmoud Mohieldin

University divisions


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