Tag Archives | Ben Shepherd
Industry and trade
Industry and trade
Services policies and manufacturing exports
Services and manufacturing are closely intertwined. Manufacturers use services as inputs into their production process. It is difficult to imagine a modern global value chain working without efficient transport services, financial services, logistics, and business services.
How services helped power “Factory Asia”
Measuring productivity in the services sector is fraught with difficulties. One key aspect of the “premature deindustrialization” argument is the hypothesis that services are low productivity relative to manufacturing, and that prospects for rapid and sustained productivity growth, which are the primary source of gains in per capita income, are greater in manufacturing than in services.
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