We need new ways to measure the 'weightless' economy
Article Abstract:
There has been growing interest from a number of influential sources in the areas of the economy which are not really taken into account because they are very hard to measure. It is becoming increasingly accepted that traditional official statistics are not very good at measuring most of national output, especially the value which is being created by service industries. Official statisticians are responding by looking at the possibility of dividing the economy into services, manufacturing and information.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Industrial decline is no horror story, just a sign of success
Article Abstract:
It is possible to argue that developed countries which are losing their manufacturing jobs to the developing world are showing signs of economic success, rather than decline. Indeed, de-industrialization can be interpreted as the natural outcome of successful economic development. Productivity growth leads to employment and output moving from agriculture to manufacturing and then to services. De-industrialization is a sign that manufacturing has been successful in increasing productivity and efficiency.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Weightless economy produces a new breed of superstar
Article Abstract:
Industrial economies are clearly shifting away from manufacturing and towards services. The share of income spent on services has increased dramatically, even though people still want to own physical goods. The economy is dematerialising, and this means that it is now going beyond traditional national boundaries. Some observers feel that this trend will also lead to greater inequality, strengthening the existing trend for the strongest economies to become stronger and the weakest ones weaker.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Taxes don't have to rise after the election. Revenue shortfall will not stop budget tax cuts. Vulcanomics obscures the Tories' real choices
- Abstracts: Fergie - the ideal figure for the new world economy. The domestic economy of the Duchess. Fergie, debt, and the bank that can't say no
- Abstracts: The man who gave the British sitcom its finest hour. From Del Boy to dole boys. Altar egos of the sitcom
- Abstracts: We could be shaping up for a re-run of the late Eighties. We have nothing to fear but panic itself. Clarke's recovery has all the signs of old-fashioned boom
- Abstracts: Blair seeks to break the mould. Blair puts the family at heart of moral crusade. Blair delays open government; Freedom of Information Bill will have to wait