The Service Revolution in South Asia
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC
Resumen
Descripción
The story of Hyderabad, the capital of
the Indian state Andhra Pradesh, is truly inspiring for
late-comers to development. Within two decades, Andhra
Pradesh has been catapulted straight from a poor and largely
agricultural economy into a major service center. It has
transformed itself from a lagging into a leading region.
Fuelled by an increase in service exports of 45 times
between 1998 and 2008, the number of information technology
companies in Hyderabad increased eight times, and employment
increased 20 times. Service-led growth has mushroomed in
other parts of India and South Asia as well. Indeed, growth
in the services sector has enabled South Asia to grow almost
as fast as East Asia in this century, with growth of just
under seven percent annually between 2000 and 2007. Growth
rates in South Asia and East Asia have converged. The two
fastest growing regions in the world, however, have very
different growth patterns. While East Asia is a story of
growth led by manufacturing, South Asia has thrived on
service-led growth. The promise of the services revolution
is that countries do not need to wait to get started with
rapid development. There is a new boat that development
late-comers can take. The globalization of service exports
provides alternative opportunities for developing countries
to find niches, beyond manufacturing, where they can
specialize, scale up and achieve explosive growth, just like
the industrializes. The core of the argument is that as the
number of goods and services produced and traded across the
world expand with globalization, the possibilities for all
countries to develop based on their comparative advantage
expand. That comparative advantage can just as easily be in
services as in manufacturing or indeed agriculture.
Palabras clave
ACCOUNTING, ADB, ADVERSE CONSEQUENCES, AGRICULTURAL GROWTH, AGRICULTURAL OUTPUT, AGRICULTURE, ANNUAL GROWTH, ASSETS, AUDITS, AVERAGE GROWTH, AVERAGE GROWTH RATE, BARRIERS TO ENTRY, BASIC EDUCATION, BEST PRACTICE, BONDS, CAPITAL FLOWS, CAPITAL INFLOWS, CAPITAL MARKETS, CITIES, COMPARATIVE ADVANTAGE, COMPETITIVENESS, COST DIFFERENTIALS, COUNTRY REGRESSIONS, COUNTRY SIZE, CROSS COUNTRY, CURRENCY APPRECIATION, DEBT, DEPENDENT VARIABLE, DEREGULATION, DESCRIPTION, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT ECONOMICS, DEVELOPMENT INDICATORS, DEVELOPMENT REPORT, ECONOMIC ACTIVITY, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC STRUCTURE, EDUCATIONAL ATTAINMENT, ELASTICITY, EMPIRICAL LITERATURE, ENGINEERS, EXPORT GROWTH, EXPORTS, EXTERNALITIES, FEMALE, FINANCIAL CRISIS, FINANCIAL SERVICES, FOREIGN EXCHANGE, FREE TRADE, GDP, GDP PER CAPITA, GENDER, GENDER EQUALITY, GLOBAL ECONOMY, GLOBAL MARKETS, GOVERNMENT REGULATION, GROWTH PATTERN, GROWTH PERFORMANCE, GROWTH RATE, GROWTH RATES, GROWTH REGRESSION, HEADCOUNT POVERTY, HEALTH CARE, HIGH GROWTH, HOTEL, HOTELS, INCOME, INCOME ELASTICITY, INDUSTRIAL DEVELOPMENT, INDUSTRIAL SECTOR, INDUSTRIALIZATION, INELASTIC DEMAND, INEQUALITY OUTCOMES, INITIATIVE, INSURANCE, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LABOR MOBILITY, LANDLOCKED COUNTRIES, LAWS, LOCALITIES, LONG RUN, MACROECONOMICS, MIDDLE INCOME COUNTRIES, MIGRATION, MONEY LAUNDERING, MULTINATIONAL, 0 HYPOTHESIS, OUTPUT GROWTH, OUTPUT PER CAPITA, POLICY DISCUSSION, POLICY IMPLICATIONS, POLICY ISSUES, POLICY MAKERS, POLICY MESSAGES, POOR HOUSEHOLDS, POVERTY RATE, POVERTY RATES, POVERTY REDUCTION, PRICE DECLINES, PRIMARY EDUCATION, PRO-POOR, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFITABILITY, PROPERTY RIGHTS, PUBLIC EXPENDITURE, RAPID GROWTH, REAL GDP, REDUCING POVERTY, RICH COUNTRIES, RURAL POVERTY, SAVINGS, SHOPS, SIGNIFICANT REDUCTION, SKILLED WORKERS, STRUCTURAL ADJUSTMENT, TELECOMMUNICATIONS, TERRORISM, TOTAL FACTOR PRODUCTIVITY, TOTAL FACTOR PRODUCTIVITY GROWTH, TRAFFIC, TRANSPORT, UNEMPLOYMENT, URBAN AREAS, URBAN POVERTY, URBAN WORKERS, URBANIZATION, VALUE ADDED, WAGE RATES, WAGES, WATER SUPPLY, WORLD TRADE ORGANIZATION, WTO