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Essay on The Shaping of the International Healthcare Market by the GATS
This paper, firstly, examines global health and healthcare services in the context of globalization and liberalization and the impact of the General Agreement on Trade in Services (GATS) on health and healthcare services.
The General Agreement on Trade in Services (GATS) is the first and only set of multilateral rules governing international trade in services. With this understanding of the services sector's vital and ever expanding role, both domestically and internationally, achieving concrete results in the next WTO round becomes even more important. A new round of services negotiations is mandated in the GATS, the first multilateral agreement for services, concluded as part of the Uruguay Round in 1994.
While the GATS established a framework for rules applicable to trade in services and used most-favored-nation (MFN) treatment as its standard, the Uruguay Round negotiations did not bring about the kind of broad- based, significant services trade liberalization necessary for open and competitive services trade. Many countries made only a limited number of specific commitments, frequently only ``standstill" commitments rather than expanded market access. Commitments were made in telecommunications and financial services following the Uruguay Round. The new GATS round offers an excellent opportunity to liberalize a broad range of services sectors and to create an open international services trading system that will continue to provide growth and prosperity for the 2l't century.
Globalisation is a term not only extensively used in the present day but also far and wide interpreted. For a few, globalisation means a very broad, more or less all encompassing concept incorporating movement of persons, concepts, images, ideas, values, capital, traded goods and services across national borders. Others regard it in the more restricted sense of economic globalisation including the acceleration of global financial speculation, growth of world trade and the integration of the world economy within a neoliberal free-trade oriented framework. In addition to these, there are widely varying views on the impact of globalisation on the quality of life of the people. Some see globalisation as inherently good and argue that globalisation is inevitable....
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