Vital role
Last week’s article offered an overview of trade in services. Among the things that it sought to do was to enable people to distinguish between services and goods that entered international trade. The intention of this week’s article is to broaden the understanding of the application of the concept in the context of Guyana’s desire to diversify its economy. In that regard, it is the intention of this writer to highlight some of the arguments that are frequently made to encourage developing countries to participate in trade in services, to point out who the leaders in trade in services are and to identify some of the challenges that Guyana faces in the area of trade in services.