By Jorge Braga De Macedo
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Additional info for Asia and Europe: Services Liberalisation
This issue has given rise to seven years of heated debate over its desirability and applicability. Members should not let assumptions that are too theoretical cloud the intrinsic political and economic value of safeguards, which provide a mechanism that can respond to injuries instantaneously. — Devise effective capacity-building schemes. The success of the GATS negotiations will depend critically on the universal participation of all WTO members in the negotiations and the capability of all to implement the outcomes.
Influenced by the foreign management practices that accompanied capital infusions, domestic banks have adopted new credit evaluation systems, conduct stricter loan reviews, and have strengthened risk management with a special focus on credit rating and cash flow. The rapid entry of foreign capital into financial institutions in domestic markets has also had its negative effects, however. First, there is much concern that domestic institutions will quickly lose market share, particularly in retail banking.
They registered as Thai business entities with foreigners holding less than 49 per cent of the equity. Following the economic crisis, the economy badly needed funds and employment. 5 million euros). The optimistic authorities focused on only the bright side of liberalisation — that it could lead to beneficial effects on growth, productivity, efficiency, jobs, and consumer choice. This opening of retail services could provide an interesting example of the myth of foreign investment. It occurred quite independently of the GATS, because Thailand has no commitment under retail services.