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Topic: Service economy


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In the News (Mon 30 Nov 09)

  
  Tertiary sector of industry - Wikipedia, the free encyclopedia
The tertiary sector of industry, also called the service sector or the service industry, is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing and primary goods production such as agriculture), and primary industry (extraction such as mining and fishing).
Services may involve the transport, distribution and sale of goods from producer to a consumer as may happen in wholesaling and retailing, or may involve the provision of a service, such as in tourism or entertainment.
The term service economy, in contrast, refers to a model wherein as much economic activity as possible is treated as a service.
en.wikipedia.org /wiki/Service_sector   (684 words)

  
 Service economy - Wikipedia, the free encyclopedia
One is the increased importance of the service sector in industrialized economies.
Services now account for a higher percentage of GDP than just 20 years ago.
Full cost accounting and most accounting reform and monetary reform measures are usually thought to be impossible to achieve without a good model of the service economy.
en.wikipedia.org /wiki/Service_economy   (1011 words)

  
 The Experience Economy - Wikipedia, the free encyclopedia
Joseph Pine II and James H. Gilmore in their 1999 book of the same name, is an advanced service economy which has begun to sell "mass customization" services that are similar to theatre, using underlying goods and services as props.
Their thesis has been criticized as an example of an over-hyped business philosophy arising from or in the dotcom boom and a rising economy in the U.S. that was tolerant of high prices, inflated claims, and no limitations of supply - or investment.
Detracters contrast it with other service economy theses such as Natural Capitalism, in which there is a clear focus on making measurably better use of scarce resources, usually considered to be the basis of economics.
en.wikipedia.org /wiki/Experience_economy   (530 words)

  
 The Hindu : Limits of a service economy
Services recorded annual rates of growth of more than 7 to 8 per cent a year during the past decade and the Reserve Bank recently suggested that this was responsible for much of the resilience of growth in the 1990s.
The growth of these services is more a reflection of inadequate growth in agriculture and industry and the need to survive, than an autonomous source of growth.
In that sense, there is an element of the growth of India's service sector which is not reflective of "a post-industrial economy", as would be suggested by the 50 per cent share of services in India's GDP, but instead reflects a relative failure of the other two sectors.
www.hindu.com /2003/06/21/stories/2003062100061000.htm   (1284 words)

  
 GATS: Service Economy Gets the WTO Treatment
Other countries resisted having their services come under international rules promoting "progressive liberalization." They would only agree to GATS if they could use a "bottom up" approach where they would choose which services would be covered by the agreement.
If a country puts a service on its schedule of commitments, then the service is subject to "market access" rules which apply to its entire territory or any regional subdivision.
As a result, public services are likely to be forced into constant competition with the corporations leading to slashing of labor costs (including wages) and services to the poor.
www.thirdworldtraveler.com /WTO_MAI/GATS.html   (1463 words)

  
 [No title]   (Site not responding. Last check: 2007-11-07)
The service sector is one of the three main industrial categories of a developed economy, the others being manufacturing and agriculture.
Manufacturing tends to be more open to international trade than services.
The resultant shrinkage of manufacturing in the leading economies might explain their growing reliance on the service sector.
www.informationgenius.com /encyclopedia/s/se/service_sector.html   (282 words)

  
 [No title]
The Pure Service Economy Imagine a society in which _goods_ are superabundant, but in which _services_ remain scarce.
Of course, they are paying him back in other services: 1000 hours of maid service in exchange for 1 hour of surgery; 200 haircuts for a removed appendix; 20 college educations for a triple bypass.
Quite simply, we are left with a libertarian, free-market economy, in which people own their own bodies and can acquire the services of others solely by contractual agreement.
www.gmu.edu /departments/economics/bcaplan/service   (1744 words)

  
 SmartEcon Articles   (Site not responding. Last check: 2007-11-07)
The decade-long expansion of the U.S. economy accompanied by strong IT growth and low inflation and unemployment has been characterized as 'the new economy.' Its characteristics are in large part related to advances of IT, digital technologies and the Internet in almost all aspects of economic life.
During the period 1970-1994, employment in the service sector grew by 70 percent.
The new service economy departs from the cost minimization economics of the industrial economy but this transformation is not automatic simply because we are endowed with IT and digital goods.
www.smartecon.com /articles/new_economy/service_economy.asp   (1401 words)

  
 Morgan Stanley   (Site not responding. Last check: 2007-11-07)
Services inflation (based on the services component of the broad GDP chain-weighted price index) was running at a 3.0% y-o-y rate at the last business cycle peak in 4Q00.
Government statisticians estimate that CPI-based services inflation would be running at a 2.6% y-o-y rate in August 2002 if the rent of shelter were excluded; that would be fully 0.5 percentage point slower than the 3.1% rate currently estimated for services as a whole.
With 78% of its private sector workforce toiling in the services sector, deflation in tradable goods is argued to represent an expansion of purchasing power for the bulk of the nation.
www.morganstanley.com /GEFdata/digests/20021007-mon.html   (9001 words)

  
 John Locke Foundation | Carolina Beat | No. 752: What's the Big Deal About a Service Economy?
But many people are worried when they hear these words because they think a service economy implies low-paying jobs and a lower standard of living.
Also, 60 percent of the service jobs added in North Carolina in the past decade have paid the same or more than the manufacturing jobs lost in the state.
However, even with these positive aspects to a service economy, there’s still an argument made by some that a country or region can’t prosper by trading services.
www.johnlocke.org /news_columns/display_story.html?id=1531   (627 words)

  
 Translocal-Flows   (Site not responding. Last check: 2007-11-07)
The consumption of such services has become commonplace among urban and suburban professionals, given the growing commodification of social reproduction in a service-oriented economy.
The household service economy introduced class and racial heterogeneity into residential spaces that had previously been highly segregated.
Equally important, the household service economy in this neighborhood contributed to the social heterogeneity of the surrounding region.
www.ssrc.org /translocal-flows/english/maher   (456 words)

  
 The Emergence of the Service Economy: Fact or Artifact?
The emergence of the service economy has given birth to the public policy worry that the United States is being reduced to a nation of orderlies, fast-food workers, and bus boys.
The central conclusion of the previous sections of this paper is that the emergence of the service economy thought to be depicted in Figure 1 may be explained, albeit partially, by viewing it as an artifact of data gathering.
Furthermore, it can be assumed that employees in service bureaus who were no longer able to secure rents from their firms and yet were capable of competing with market rivals have moved to the service sector and offered their services to the firms that once employed them.
www.cato.org /pubs/pas/pa093.html   (7292 words)

  
 Innovation in the Service Economy...   (Site not responding. Last check: 2007-11-07)
Indeed, the emergence of service economies seems to be changing the fabric of the social and economic systems.
The common perception of modern service societies as dominated by hair dressing and hamburger flipping is universes apart from the dynamism and complexity of the emergent service economy.
By doing this we hope to be able to attain a better understanding of the processes behind recent developments and a better understanding of the factors that are likely to help shape future developments.
db.socionet.nw.ru /RuPEc/xml/stp/paper-stepre/stpstepre071996.xml   (117 words)

  
 How can I know that the service economy is collapsing and not just experiencing cyclical ups and downs?   (Site not responding. Last check: 2007-11-07)
In the 1999-2000 period, the amount of money required to be pumped into the economy, the world and US economy, to keep the financial markets from collapsing, exceeded the amount of financial values which were being rescued by monetary pumping.
So the assumption that the economy has been growing, is obviously false, because if we measure economy in terms of the general welfare of the population of the nation.
Now that is coming to an end, and the 40-year fraud of a shift from the most productive economy on the planet, to a services economy which is a predator sucking the blood of other nations, at a time when the other nations aren't going to put up with the sucking, we're finished.
larouchein2004.net /pages/questions/youth/030627ecs008.htm   (1573 words)

  
 Service economy - Indopedia, the Indological knowledgebase
When people use the term service economy, they are refering to one or both of two recent economic developments.
That is, products today have a higher service compenent than in previous decades.
This is a service-centric view of the economy : everything purchased has a significant service component.
www.indopedia.org /Service_economy.html   (1093 words)

  
 Daniel Bassill's Blog: How to create a networked Social Service economy
We're part of an economy with thousands, perhaps millions of large and small networks that are not connected to each other in any consistent or strategic manner.
Thus, while there are networks of people beginning to build a personal commitment to helping kids born in poverty reach jobs careers, these networks are not open to you and me, nor are they systematically connected to similar people in other companies, or other cities.
The technology that is emerging gives us the potential of a networked economy, but it is the passion of leaders who will draw people into networked portals that focus on specific social issues.
www.digitaldivide.net /blog/dbassill1/view?PostID=4478   (1162 words)

  
 NEIS Website
Current interest focuses on how American workers can be equipped with the skills they need for decent employment and economic security, and on how the globalization of the economy and the expansion of democracy can strengthen one another.
Learning Partnerships: Strengthening American Jobs in the Global Economy is the result of a year long study by a group that includes individuals from labor, business, education and the policy community who bring a wealth of direct experience in workforce issues.
They call for a national campaign to preserve America's jobs and lorg-term economic strength by building ground-level learning partnerships supported by job-site learning representatives to help businesses of all sizes and their employees develop world-class skills.
www.newecon.org   (522 words)

  
 Service Economy Encyclopedia Article, Definition, History, Biography   (Site not responding. Last check: 2007-11-07)
Looking For service economy - Find service economy and more at Lycos Search.
Service Economy - We've done the research for you.
Find service economy - Your relevant result is a click away!
encyclopedia.localcolorart.com /encyclopedia/Service_economy   (1163 words)

  
 KoreaTimes : [Six Years After Currency Crisis] Dynamic Transition to Service Economy Urgent   (Site not responding. Last check: 2007-11-07)
One important component of this success was to open the economy to foreign influences, especially in terms of foreign direct investment, and to force the chaebol to make adjustments to some of their most objectionable financial practices.
South Korea is already a service economy, accounting for almost 70 percent of total employment and for about 55 percent of GDP.
The time has come to accelerate change towards services, both along the manufacturing value-chain and across the various branches of the tertiary sector, including infrastructure sectors such as electricity and water, telecommunications, financial services and leisure.
times.hankooki.com /lpage/special/200402/kt2004021820241411490.htm   (944 words)

  
 The Self-Service Economy - - CIO Magazine Jun 1,2003   (Site not responding. Last check: 2007-11-07)
Gartner claims it costs 24 cents for automated customer service on the Web versus $5.50 to serve a customer on the telephone.
The Forum Corp. reports that 69 percent of customer defections are because of poor service or sales interaction.
As business continues to improve in 2003 and CIOs start to look at their priorities for 2004, examining your organization's infrastructure and how well it holds up to self-service customer requests might be one of the most self-serving things you can do to keep your company ahead of the competition.
www.cio.com /archive/060103/publisher.html   (375 words)

  
 Evolutionary Economics - The fallacy of the service economy as something special   (Site not responding. Last check: 2007-11-07)
In terms of the numbers employed in the service economy compared with previous eras when the primary sectors, mining and farming, and the secondary sector, manufacturing, employed the vast majority, the percentage is certainly rising all the time -- at least so far.
But when you analyse service employment of any sort you will find that, in every instance, the jobs involve either personal services (that is, to someone else's physical environment, body or brain) -- which actually add nothing to overall wealth production -- or they involve skills (e.g.
I'm afraid that the notion that a largely service economy world is somehow economically different in character from a largely agricultural or an agricultural-plus-manufacturing world is incorrect.
www.evolutionary-economics.org /KSH-Postings-Econ/305.html   (441 words)

  
 Business and Economy - Encyclopedia.WorldSearch   (Site not responding. Last check: 2007-11-07)
Sometime during the last 30 years, the service economy emerged as the dominant engine of economic activity.
At first, critics who were uncomfortable with the intangible nature of services bemoaned the decline of the goods-based economy, which, thanks to many factors, had increasingly become...
The Chinese Century : The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job
encyclopedia.worldsearch.com /business_and_economy.htm   (150 words)

  
 Economy Backup - Online Backup Service
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Providing data storage housed in our secure Class A network operating centers using redundant systems and internet connections, you can rest assured that your data will always be available when needed.
Economy Back has the best value for the price.
www.economybackup.com   (270 words)

  
 Vending Locator, Vending Machine Locator, Locating Vending Machines for vending route operator!
Economy Locating Service, Inc provides professional locations establishment service for vending machine operator.
Nothing says you have to use a locator, but if you decide that you don't have the time or resources to do your own locating, we have vending machine locators who will work with you in your vending route business.
You are backed by a full service oriented company that will be there for you, whatever your future needs might be.
www.economylocating.com   (254 words)

  
 Reason: Service Economy: First-draft suggestions for a real draft proposal - humorous treatment of United States draft ...   (Site not responding. Last check: 2007-11-07)
For Moskos, a Northwestern University professor and author of the armed services' wildly successful "Don't Ask, Don't Tell" policy, this is an intolerable irony.
The armed forces show a distinct lack of interest in a new draft (an inconvenience Moskos chalks up to institutional rigidity), and arguably have reached a state of professional specialization that renders conscripted legions unnecessary or problematic.
It's hard to argue that forcing the services to feed, clothe, house, and equipmassive new numbers of post-pubescents would have had anything but a deleterious impact on our ability to wage war in Afghanistan.
www.findarticles.com /cf_dls/m1568/9_33/82078821/p1/article.jhtml   (678 words)

  
 Techdirt:Web Service Economy
Yesterday we posted an article that explained things more clearly than I had seen before and today in (of all places!) the Red Herring, there's actually a very good article describing just what the hell web services are.
Unlike many Herring articles, this one seems to avoid the hype and does a good job explaining exactly what web services are, how they could be useful, and what hurdles are in place before they become common place (and what that means for a variety of companies).
If you have been trying to understand just what the hell web services really are, this is worth reading.
www.techdirt.com /articles/20020205/0119203.shtml   (349 words)

  
 The Self-Service Economy   (Site not responding. Last check: 2007-11-07)
In The Greatest Market Economy in the World, we have to drive back to a pharmacy far from home, a few days or a week later, and hope they've gotten it in.
One often hears lately that the US is becoming a "service economy," but I don't see it.
We are a self-service economy, where the object is to trick the customer into buying what is cheapest to offer him, and not what he really may want or need.
www.progress.org /argent02.htm   (665 words)

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