The Service Sector in Lower-Income Asian Economies
Estrada, Gemma; Acharya, Yubraj; Batten, Aaron; Brimble, Peter; Doung, Poullang; Iskandar
Gulamov, Mirzo; Hossain, Mohammad Zahid; Mellor, Dominic; Park, Donghyun; Rahman, Shamsur | April 2013
Abstract
In the past 10 years, the service sector has been a significant contributor to
overall economic growth in Bangladesh, Cambodia, Nepal, Papua New Guinea,
Uzbekistan, and Viet Nam. Sector growth has been supported by strong
industrial growth in some while in others the critical factors have been
liberalization, structural reforms, government support, and foreign investments. In
order to increase the labor productivity of the sector and realize its potential to
contribute to inclusive growth, these countries must address gaps in human
capital and the higher costs of setting up new businesses and of doing business
that stifle entrepreneurship and private enterprise. These impediments also stand
in the way of developing the industry sector and of broader economic growth and
development. Policy reforms that ease those impediments will help to achieve
balanced growth in which the service and industry sectors support and reinforce
each other. As services tend to be more labor intensive, they can foster inclusive
growth by serving as an engine for creating jobs.
Citation
Estrada, Gemma; Acharya, Yubraj; Batten, Aaron; Brimble, Peter; Doung, Poullang; Iskandar Gulamov, Mirzo; Hossain, Mohammad Zahid; Mellor, Dominic; Park, Donghyun; Rahman, Shamsur. 2013. The Service Sector in Lower-Income Asian Economies. © Asian Development Bank. http://hdl.handle.net/11540/2319. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Asian Development Bank
Development
Rural Development
Public Sector
Public Sector Management
Development Cooperation
Development Goals
Organization For Economic Cooperation & Development
Public Sector Projects
Ports
Education
Ports
Education
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Infrastructure
Partnership
Power
Communication in rural development
Rural enterprise zones
Communication in community development
Social participation
Development banks
Community banks
Partnership
Joint venture
Economic development
Public works
Administrative agencies
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Citable URI
http://hdl.handle.net/11540/2319Metadata
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