At Your Service? : The Promise of Services-Led Development

Throughout history, industrialization has 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 wi...

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Bibliographic Details
Main Authors:	Nayyar, Gaurav, Hallward-Driemeier, Mary, Davies, Elwyn
Format:	Book
Published:	Washington, DC: World Bank 2021
Subjects:	SERVICES INDUSTRY INDUSTRIALIZATION DEINDUSTRIALIZATION DIGITAL TECHNOLOGY SERVICES TRADE JOB CREATION TECHNOLOGY ADOPTION
Online Access:	http://hdl.handle.net/10986/35599

id	okr-10986-35599
recordtype	oai_dc
spelling	okr-10986-355992021-10-06T18:18:17Z At Your Service? : The Promise of Services-Led Development Nayyar, Gaurav Hallward-Driemeier, Mary Davies, Elwyn SERVICES INDUSTRY INDUSTRIALIZATION DEINDUSTRIALIZATION DIGITAL TECHNOLOGY SERVICES TRADE JOB CREATION TECHNOLOGY ADOPTION Throughout history, industrialization has 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. 2021-05-19T15:20:15Z 2021-05-19T15:20:15Z 2021-09-15 Book 978-1-4648-1671-0 http://hdl.handle.net/10986/35599 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	SERVICES INDUSTRY INDUSTRIALIZATION DEINDUSTRIALIZATION DIGITAL TECHNOLOGY SERVICES TRADE JOB CREATION TECHNOLOGY ADOPTION
spellingShingle	SERVICES INDUSTRY INDUSTRIALIZATION DEINDUSTRIALIZATION DIGITAL TECHNOLOGY SERVICES TRADE JOB CREATION TECHNOLOGY ADOPTION Nayyar, Gaurav Hallward-Driemeier, Mary Davies, Elwyn At Your Service? : The Promise of Services-Led Development
description	Throughout history, industrialization has 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.
format	Book
author	Nayyar, Gaurav Hallward-Driemeier, Mary Davies, Elwyn
author_facet	Nayyar, Gaurav Hallward-Driemeier, Mary Davies, Elwyn
author_sort	Nayyar, Gaurav
title	At Your Service? : The Promise of Services-Led Development
title_short	At Your Service? : The Promise of Services-Led Development
title_full	At Your Service? : The Promise of Services-Led Development
title_fullStr	At Your Service? : The Promise of Services-Led Development
title_full_unstemmed	At Your Service? : The Promise of Services-Led Development
title_sort	at your service? : the promise of services-led development
publisher	Washington, DC: World Bank
publishDate	2021
url	http://hdl.handle.net/10986/35599
_version_	1764483318615638016

At Your Service? : The Promise of Services-Led Development

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