Can Service Be a Growth Escalator in Low Income Countries?

Ghani, Ejaz ; O'Connell, Stephen D.

World Bank Group, Washington, DC

关键词: ACCESS TO TECHNOLOGY;    ACCOUNTING;    AGRICULTURAL PRODUCTIVITY;    AGRICULTURAL SECTOR;    AGRICULTURE;   

DOI  :  10.1596/1813-9450-6971
RP-ID  :  WPS6971

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Several high-level reports have raisedthe concern that low-income countries, especially in Africa,are experiencing premature de-industrialization. The concernis that they are growing without transforming. Have thelatecomers to development missed the boat? Although theseconcerns are well placed, Africa's growth seems to bebenefitting from a structural transformation of a differentkind. The manufacturing sector as a share of gross domesticproduct has shrunk, but countries have benefitted from thethird industrial revolution with globalization of servicesbeing at the forefront of this technological revolution. Asservices produced and traded across the world expand withglobalization, the possibilities for low-income countries todevelop based on their comparative advantage expand. Thatcomparative advantage can just as easily be in services asin manufacturing. Comparative advantage need not be aone-trick pony.