 | Ramkishen S. Rajan - Political Science - 2003 - 274 pages
...key input in merchandise and agricultural production and trade. According to the World Bank (2002): As countries reduce tariffs and other barriers to...manufacturing industries may become negative if they are higher than they would be if services markets were competitive (p. 76). ln addition, a relatively... | |
 | Aaditya Mattoo, Lucy Payton - Business & Economics - 2007 - 310 pages
...a tax on production and prevents the realization of significant gains in productivity. Furthermore, as countries reduce tariffs and other barriers to...manufacturing industries may become negative if they are confronted with input prices that are higher than they would be if services markets were competitive.... | |
| |
Because many services are inputs into goods production, the inefficient supply of such services acts as a tax on production and prevents the realization of significant gains in productivity. 