New methodologies reveal key barriers hindering countries' services sector competitiveness.
The World Bank has developed a program called Services for Trade Competitiveness to help countries improve their ability to compete in international markets by focusing on their services sectors. They have created new methods to assess how competitive a country's services sector is, identify barriers in regulations, and suggest policy changes. The goal is to provide guidance to policymakers in developing countries and international organizations on how to benefit from the growing importance of services in global trade.