This book demonstrates some of the pitfalls associated with services liberalisation but recommends perseverance and even acceleration of the reforms. Contributors call for orderly and rapid progress towards regional integration of the services sector, based on the gradual removal of the barriers...

The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...