Unlocking the promise of services-led growth

Gaurav Nayyar, Dana Vorisek, Shu Yu

Structural transformation in the past three decades has been driven by a fast-growing services sector, which has outpaced the manufacturing sector in many developing economies. This column summarises the key messages from a workshop organised by the World Bank that showcased recent evidence on how the services sector will be increasingly central to productive structural transformation in emerging markets and developing economies. Topics include prospects for services-led growth, the link between services-led growth and income distribution, and the need for a new policy approach for the services sector.

Πηγή: Voxeu

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