At Your Service?: The promise of services-led development
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Bibliographic Details
Main Authors: Nayyar, Gaurav (Author), Davies, Elwyn (Author), Hallward-Driemeier, Mary (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C The World Bank 2021
Subjects:
Links:https://doi.org/10.1596/978-1-4648-1671-0
Abstract:Been synonymous with development. However, the trend of premature deindustrialization and the spread of automation technologies associated with Industry 4.0 has raised concerns that the development model based on export-led manufacturing seen in East Asia will be harder for hitherto less industrialized countries to replicate in the future. Can services-led development be an alternative? Contrary to conventional wisdom, the features of manufacturing that were considered uniquely conducive for productivity growth - such as international trade, scale economies, inter-sectoral linkages, and innovation - are increasingly shared by the services sector. But services are not monolithic. The twin gains of productivity growth and large-scale job creation for relatively low-skilled workers are less likely to come together in any given services subsector. The promise of services-led development in the future will be strengthened to the extent that technological change reduces the trade-off between productivity and jobs, and growth opportunities in services with potential for high productivity do not depend on a manufacturing base. Considering technological change and linkages between sectors while differentiating across types of services, this book assesses the scope of a services-driven development model and policy directions that maximize its potential--
Item Description:2110
Physical Description:1 Online-Ressource (volumes cm)
DOI:10.1596/978-1-4648-1671-0