Leveraging Services for Development: Prospects and Policies
The services economy is on the rise all around the world, and services now comprise the largest share of economic activity and employment in almost every country.
This book presents the latest evidence demonstrating how technologies and globalization have transformed the services industry. Services are becoming increasingly tradable under World Trade Organization rules and regional trade agreements, and some services subsectors are also seeing rates of productivity growth comparable to that in manufacturing. At the same time, services are increasingly contributing to manufacturing success, and countries’ overall economic competitiveness now hinges crucially on the availability of high-quality and affordable services inputs. Furthermore, a well-functioning services sector can accelerate human development through better access to basic needs, such as education, energy, finance, health, water, and sanitation. Services can also be a source of good jobs with fewer negative environmental and social externalities. Overall, the ongoing structural transformation toward a services economy is a unique opportunity to achieve long-term income growth, which in turn promotes sustainable development. This book offers suggestions on how to achieve this, and is thus an indispensable read for researchers and policy makers alike.
- 1. Introduction by Matthias Helble and Ben Shepherd
- Part I: Services, Development, and Trade
- 2. Developing Countries and Services in the New Industrial Paradigm by Gaurav Nayyar and Marcio Cruz
- 3. Restrictiveness of Services Trade Policy and the Sustainable Development Goals by Matteo Fiorini and Bernard Hoekman
- Part II: Services and Manufacturing Intertwined
- 4. Services and Manufacturing in Global Value Chains—Is the Distinction Obsolete? by Sebastien Miroudot
- 5. The Servicification of Manufacturing in Asia: A Conceptual Framework by Valerie Mercer-Blackman and Cristina Ablaza
- 6. Services Policies and Manufacturing Exports by Ben Shepherd
- Part III: Productivity Growth in Services: What Prospects for Developing Countries?
- 7. Productivity Spillovers from Services Firms in Low- and Middle-income Countries: What Is the Role of Firm Characteristics and Services Liberalization? by Deborah Winkler
- 8. Productivity and Trade Growth in Services: How Services Helped Power “Factory Asia” by Ben Shepherd
- 9. Manufacturing and Services Productivity: The Role of New Technologies and Policy by Erik van der Marel
- Part IV: Services and Labor Markets in Developing Countries
- 10. What are the Prospects for Decent Work in Services? by Sameer Khatiwada and John Paul Flaminiano
- 11. Sectoral and Skill Contributions to Labor Productivity in Asia by Matthias Helble, Trinh Q. Long, and Trang T. Le
- 12. Women and the Services Sector by Justine Lan and Ben Shepherd
- 13. Conclusion by Matthias Helble and Ben Shepherd