Trade in Services for development - Empowering LAC countries to reap development dividends
Services have emerged as the driving force shaping the economic landscape of countries at all levels of development. Services trade has become a key element in growth strategies, becoming the most dynamic component of global trade in recent times. In 2023, the WTO and the World Bank jointly published a study entitled 'Trade in Services for Development', which underscored the significant and multifaceted development impact of trade in services and the important opportunities it offers to developing countries in terms of export-led growth, economic diversification, inflows of foreign direct inve…