Can service be a growth escalator? Theworld is experiencing its third industrial revolution, andservices are at the forefront of this revolution. Serviceshave already surpassed industry as a source of economicgrowth and job creation, in both developed and developingeconomies. In the industrial sector, technologies havematured and employment is shrinking. However, services aregetting more sophisticated and jobs are expanding. Servicesgrowth is also more inclusive and sustainable. It increasesthe participation of women in the labor force and places alighter burden on natural resources. The promise of theservices revolution is that countries do not need to wait toget started with rapid development. There is a new boat thatdevelopment latecomers can take.
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