At your service?: the promise of services-led development

Format:

Corporate Author:

World Bank

Author:

Gaurav Na&ar, Mary Hallward-Driemeier, Elwyn Davies

Publisher:

World Bank

Throughout history, industrialisation has been synonymous with development. However, the trend of premature de-industrialisation 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 industrialised 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 maximise its potential

Extent	xxii, 289p.	ISBN	9781464816710
Size	N/A	Price	£43.95
Format	Paperback	Published	30 May 2022
Availability	Out of stock - available to order	Delivery	Delivery options and charges