In This Review

World-Traded Services: The Challenge For the Eighties
World-Traded Services: The Challenge For the Eighties
By Raymond J. Krommenacker
Artech House, 1984, 221 pp
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Service Industries and Economic Development: Case Studies in Technology Transfer
Service Industries and Economic Development: Case Studies in Technology Transfer
By Ronald K. Shelp, John C. Stephenson, Nancy Sherwood Truitt a
Praeger, 1984, 182 pp
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Krommenacker makes a strong case for the application to services of the same reasoning that applies to international trade and puts forward concrete proposals for the kinds of agreements that could be negotiated under GATT. He also records the activities of other organizations more carefully than other analysts. The volume by Ronald Shelp et al. provides useful, specific descriptions of how technology is transferred in insurance, mass merchandising, and engineering and construction, as illustrated by the American International Group, Sears and Bechtel. Not surprisingly, the main process is that people in developing countries learn how to carry on these businesses.