* Assistant Professor, Department of Computer Science& Technology, S.K. University, Anantapur, Andhra Pradesh, India
Online published on 27 February, 2017.
Trade liberalization is often seen as having the potential to contribute to sustainable development, particularly for developing countries. The present paper studies about the World Trade next challenge and tries to analyze whether the negotiating mandate actually has the potential to contribute towards sustainable development in these countries. It is found that though there is great potential for trade liberalization to become an effective tool towards sustainable development in developing world, yet trade agreements alone will not automatically enable such services to fulfill that desirable goal. In order for services trade to work for sustainable development, nations will have to strike a delicate balance between state and market-based policies. It is important to make the domestic sector more healthy and competitive and to build domestic capacity by aligning liberalization with evolving developmental and environmental priorities.
