THE ANTICIPATED IMPACT OF GATS ON THE FINANCIAL SERVICE INDUSTRY

This book will be on the anticipated impact of GATS on the Financial Services Industry in Africa. It will examine the possible positive and negative impact of the GATS agreement on the financial services industry in the African countries. The research will focus on the banking sector and the insurance sector as the main financial sectors under investigation. A conclusion of the investigation will be whether the positive effects of GATS on the financial sector outweigh the negative effects or vice versa. The first chapter will give a general overview of GATS and the financial services trade liberalization negotiations. The second chapter will be a literature review on the impact of GATS on services in Africa. The chapter will then proceed to analyze the anticipated impact of GATS on the financial services industry in Africa. The third chapter will be a comparative analysis of the effects of GATS on the East Asian Countries as compared to the effects of GATS on the financial services industry in Africa. The research pays attention to the East Asian Financial crisis and analyses the contribution of the liberalization of the financial services industry to this crisis...