The ups and downs of services: does the split of output between manufacturing and service industries affect countries' economic cycles?
Article Abstract:
Manufacturing is claiming a decreasing share of the gross national product in developed countries, and there is some concern about the trend's effect on economic cycles. However, some economists believe that the greater influence of service industries will mean steadier economic cycles.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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The final frontier
Article Abstract:
Most first world nations are stretching to service-based economies. Service now accounts for 72% of the US gross domestic product. Manufacturers are also becoming increasingly dependent on the service sector but few admit this reliance.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Wealth in services
Article Abstract:
The prevailing notion that economies need a strong manufacturing base to thrive is seldom challenged, even if statistics do not support it. Manufacturing is not more important than services, and both industries need each other.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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