Using the institutional and industrial policy perspectives on latecomer development this paper examines the commitments and potential impact of the Trade-related Investment Measures (TRIMs) and investment-related elements of the General Agreement on Trade in Services (GATS) for Malaysia's development policies. While noting that the application of TRIMs may very well remove a potentially draining industry from undermining consumer welfare, using the logic of public goods and location in the development trajectory the paper argues that the Malaysian experience supports the need for government control of the services sector.
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Rajah Rasiah (2005) studied this question.
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