issue of the extent to which the process of arriving at such regulations should be "transparent" is a more complicated one, though it may be of equal, or, in some cases, greater importance. 74. These latter provisions are of more than slight importance l:o the service industries. Services, as noted, tend to be heavily surrounded by networks of regulatory standards, many of which are ambiguously phrased and oft.en depend for their effect on obscure interpretations. Administrative decisions and interpretations are likely to be as -if not more -important, than the published regulations, in themselves often far from models of clarity. Publication of interpretations is not often a priority matter, and even finding the text of such interpretations is often difficult. The advances made by the draft United Nations code towards transparency are therefore not to be lightly discarded. 75. The useful provisions of the United Nations code should not be lost. because of difficulty in reaching agreement on, for example, the standard of compensation upon nationalization. Investment disputes have been largely solved despite different theoretical preferences. The measure of compensation to be used ln cases of expropriation has been found to be an issue capable of agreed compromise in many a settlement. Those are no longer matters that should frustrate agreement . on the many rules of fair play which are present in the provisions of the code alreacly accepted. 76. Moreover, the network of bilateral and multilatera] agreements now in place and, even more, the intricate interlacing of economic interdependence which now exists argues that solutions will be found in the future probably more easily than in the past. These unsettled issues should not strip the international economic negotiations of the values found in a document like the United Nations code. 77. Finally, it is important that that code has been negotiated, over the course 
**Analysis**
The text discusses the importance of transparency in the process of arriving at regulations, particularly in the service industries, and the value of the United Nations code in achieving fair play and resolving disputes in international economic negotiations. The text also touches on the concept of compensation and nationalization, which suggests that it may be related to economic development or international trade.

**Category**
International trade, Economic development