Chapter

Services

Ma. Joy V. Abrenica and Gilberto M. Llanto

in The Philippine Economy

Published in print March 2003 | ISBN: 9780195158984
Published online November 2003 | e-ISBN: 9780199869107 | DOI: http://dx.doi.org/10.1093/0195158989.003.0008
 Services

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This chapter documents the changing face of the services industry over the past three decades (1970–2000). It makes a special reference to two case studies – telecommunications and banking. Both are largely positive cases of reform leading to a more efficient provision of a range of services. There are other cases of successful reforms in the sector, including domestic shipping and civil aviation. This chapter also closely examines regulations that distort trade in services.

Keywords: banking industry; financial sector; financial services; General Agreement on Trade in Services; market structure; regulation; telecommunications; trade liberalization

Chapter.  11238 words.  Illustrated.

Subjects: Economic Development and Growth

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