Service-Led Growth: The Role of the Service Sector in World Development - Hardcover

Riddle, Dorothy I.

Hardcover

ISBN 10: 0275920410 ISBN 13: 9780275920418

Publisher: Praeger Publishers Inc, 1985

Synopsis

Riddle has written a series of essays constituting a brief for the greater recognition of the service industries. Her definition of services includes infrastructure, trade services, and community services. They not only contribute to employment and income but facilitate and stimulate growth in other economic sectors. These activities, rather than manufacturing, are the key source of economic growth. Riddle supports her conclusions with a series of statistical analyses based on World Bank data. Choice

About this title

Synopsis

This work highlights the crucial role played by service industries in both "industrialized" and developing economies in stimulating and facilitating economic growth. The author shows how, rather than being the result of industrialization, services are preconditions for industrial development and also questions the priority given to manufacturing projects in economic assistance programs. The test suggests that comparative advantage in services is not only possible for developing nations but often desirable and traces new trends in services, conceptualizing service industries within the context of a global, interdependent market. Basing her analysis on data from 77 countries, at four different levels of development, the author concludes that the domestic service sector and service exports are, if anything, more important to developing countries than to the "industrialized" countries.

Edition details

• Publisher: Praeger Publishers Inc
• Publication date: 1985
• Language: English
• ISBN 10: 0275920410
• ISBN 13: 9780275920418
• Binding: Hardcover
• Number of pages: 304