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Service sector development in Asia: an important instrument of growth
Asian-Pacific Economic Literature ( IF 0.600 ) Pub Date : 2020-03-03 , DOI: 10.1111/apel.12282
Jungsuk Kim 1 , Jacob Wood 2
Affiliation  

The under‐developed service sector in Asia has the potential to become a new engine of economic growth for developing Asia, which has for a long time relied on export‐oriented manufacturing to power its growth. The study seeks to achieve three objectives. First, to provide a comprehensive analysis of the service sector by detailing industry trends, its growing importance to the region, its synergy with industry, and its ability to achieve more inclusive growth. Second, to highlight productivity concerns in the sector and propose relevant strategies for achieving greater productivity gains. Finally, to establish a set of policy provisions based around the infrastructural, human capital, and regulatory gaps that exist across the Asian service sector. Overall, the analysis provides substantial cause for optimism about the role of the service sector as an engine of growth in Asia.

中文翻译:

亚洲服务业发展:重要的增长工具

亚洲服务业不发达有潜力成为发展中亚洲经济增长的新引擎,而亚洲发展中亚洲长期以来一直依靠出口导向型制造业来推动其增长。该研究旨在实现三个目标。首先,通过详细介绍行业趋势,其在该地区的重要性,与行业的协同作用以及实现更多包容性增长的能力,对服务业进行全面分析。第二,突出该部门对生产率的关注,并提出实现更大生产率增长的相关策略。最后,围绕亚洲服务业存在的基础设施,人力资本和监管差距,建立一套政策规定。总体,
更新日期:2020-03-03
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