Can service be a growth escalator? The
world is experiencing its third industrial revolution, and
services are at the forefront of this revolution. Services
have already surpassed industry as a source of economic
growth and job creation, in both developed and developing
economies. In the industrial sector, technologies have
matured and employment is shrinking. However, services are
getting more sophisticated and jobs are expanding. Services
growth is also more inclusive and sustainable. It increases
the participation of women in the labor force and places a
lighter burden on natural resources. The promise of the
services revolution is that countries do not need to wait to
get started with rapid development. There is a new boat that
development latecomers can take.
Bibliographic Details
| Main Authors: |
Kharas, Homi,
Ghani, Ejaz,
Goswami, Arti Grover |
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2012-11
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| Subjects: | ADB,
AGRICULTURE,
AUDITS,
AVERAGE GROWTH,
AVERAGE PRODUCTIVITY,
BALANCE OF PAYMENTS,
COMMUNICATION TECHNOLOGIES,
COMMUNICATION TECHNOLOGY,
COMPARATIVE ADVANTAGE,
DEBT,
DEVELOPED COUNTRIES,
DEVELOPING COUNTRIES,
DEVELOPING COUNTRY,
DEVELOPMENT ECONOMICS,
DEVELOPMENT INDICATORS,
ECONOMIC DEVELOPMENT,
ECONOMIC GROWTH,
ECONOMIC LITERATURE,
ECONOMIC PERFORMANCE,
ECONOMIC POLICY,
ECONOMIC RESEARCH,
EMPLOYMENT,
EXPORTS,
FREE PRESS,
GDP,
GLOBAL ECONOMY,
GLOBAL MARKETS,
GROSS DOMESTIC PRODUCT,
GROWTH RATES,
HIGH GROWTH,
HUMAN CAPITAL,
INDUSTRIAL SECTOR,
INSURANCE,
INTERNATIONAL TRADE,
LABOR FORCE,
LABOR MARKET,
MACROECONOMICS,
NATURAL RESOURCES,
OUTSOURCING,
PER CAPITA INCOME,
PER CAPITA INCOME LEVELS,
PER CAPITA INCOMES,
POLICY RESEARCH,
POOR COUNTRIES,
POVERTY REDUCTION,
PRODUCTIVITY,
PRODUCTIVITY GROWTH,
RAPID GROWTH,
REGULATORY REFORM,
RICH COUNTRIES,
TECHNOLOGY FRONTIER,
TELECOMMUNICATIONS,
TELECOMMUNICATIONS INFRASTRUCTURE,
TRADE LIBERALIZATION,
TRANSITION ECONOMIES,
TRANSPORT,
URBANIZATION,
VALUE ADDED,
WTO, |
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| Online Access: | http://documents.worldbank.org/curated/en/2012/11/16933433/service-smile
https://hdl.handle.net/10986/17068
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