Service economy may include medical service, accounting, social work, teaching, design, consultancy and taxi driving. Canada has a service economy and R and D in Canada is mainly a service sector activity. The shift to a service economy is sociologically interesting because it appears to be associated with different labour market demands, differing educational requirements, and differing wage structures. Goods-producing economy is usually contrasted with service economy and refers to an economy based largely on manufacture of goods rather than the provision of service. Giving more importance to performance of the service economy is important to enhance aggregate economic growth.
List of Fortune 500 companies contains more service economy companies and fewer manufacturing economy companies. Service economy constitutes over 50% of GDP in low income countries and the importance of services in the economy continues to grow. The service economy is also key to growth, for instance it accounted for 47% of economic growth in sub-Saharan Africa over the period 2000–2005.
America's Service Economy - Wolfbein, Seymour L.
Every one of the 20 fastest-growing occupations, as listed by the U.S. Bureau of Labor Statistics, is in the service economy sector. 15 million jobs that have been created since the November trough of the 1982 recession have been in the service economy sector. In the service economy sector, employment rose during 39 of the past 40 years. Ninety-seven percent of the increase in employment between 1947 and 1987 took place in the service economy sector.
Using the Service Economy to Relieve the Double Burden - Female Labor Force Participation and Service Purchases. R. S. OROPESA, Pennsylvania State Univ. Using a national survey conducted in 1990, this article examines how wives' labor force participation affects the extent to which families use the market economy to provide goods and services that have traditionally been produced by women.
Women Marketing Students and the Service Economy: A New Majority.
Barbara B. Stern, Rutgers, The State University of New Jersey.
Women marketing students, nearly the majority, are likely to work in services: 84% of all women and most mangers and entrepreneurs are in service industries.
The Service Economy, Final Report of the Business and Industry Policy Forum on Realising the Potential of the Service Economy - Services are transforming OECD economies on a massive scale. The Forum brought together senior government officials, experts, and business and trade union leaders from 30 countries to address issues related to 'Realising the Potential of the Service Economy: Facilitating Growth, Innovation and Competition. The Forum traced the evolution of the service economy, particularly in knowledge-based areas, and examined how it affects business and society.
STI Working Paper 2005/3: The Service Economy in OECD Countries
Service economy has become quantitatively most important in all OECD economies. The growing role of service economy is not only the result of a resource re-allocation towards services, as the sector with low productivity growth. It is also related to demand side factors, such as a high income elasticity of demand for some services, demographic developments, the provision of certain services as public goods, and the growing role of services as providers of intermediate inputs. The empirical evidence points to several areas where employment and productivity growth in services is held back.
The Service Economy - Standardisation or Customisation? - Jon Sundbo
Abstract: Service firms are squeezed between customisation and standardisation. This presents a dilemma to service firms and to economic theory. The theoretical logics of both are discussed and a third theory, based on modulisation, is presented. The article investigates the issue of towards which of the three logics the service sector is developing.
Research and technology organizations in the service economy - Preissl, Brigitte. Abstract: Institutional settings and functional orientation of these organizations reflect the ongoing transformation of economies into service economies.
The New Service Economy
and It's Implications for Statistics
LAURA ASANDULUI - Alexandru Ioan Cuza" University of Iasi
Abstract: The New Service Economy is an increasingly global economy in which businesses compete and communicate in a worldwide marketplace. High-technology and information-based goods and services are dominating today's economy. New business models are applied, and international business is changing profoundly. The New Service Economy poses opportunities as well as threats to data collection. In some instances, the existing data systems must be improved.
A High-Tech or a Service Economy Future? - Galambos, Eva C.
Educators are currently confronting two divergent messages regarding the occupational needs of the future high tech and service economy.
The RISE agenda has three components: Mapping the changing shape of innovation systems in the service economy, and addressing the diversity of national and sectoral arrangements. By designing service-based industrialization Caribbean economies might be able to re-create the comparative advantages lost in the manufacturing sector. - Globalization and the territorialization of the new Caribbean service economy - Beverley Mullings.
The service economy: 'wealth without resource consumption'? - Stahel, W. R.