Alexandra L. Cermeño, 23 May 2018

Knowledge hubs are generally located in large and dynamic population clusters, but there is little empirical evidence on what has driven the location of services in the economy, particularly the knowledge-intensive ones that form these hubs. This column describes how the geography of services across the US has been influenced by the interaction between county and industry characteristics. The presence of large markets enhanced the agglomeration of services mainly through linkages with other services and manufacturing firms. 

Saurabh Mishra, Susanna Lundstrom Gable, Rahul Anand, 08 April 2012

Thanks to developments in technology, trade in services is becoming increasingly more viable, with many businesses now dividing their operations across the world. This column creates a new measure of what it calls ‘service export sophistication’ to illustrate this shift. It highlights the need to refocus policy debate with the understanding that service exports are vital for high economic growth.

Ejaz Ghani, Arti Grover Goswami, Homi Kharas, 12 December 2011

Policymakers in both developed and developing countries now see services as the source of jobs and growth. This column argues that modern services sophistication now surpasses that of the manufacturing sector and explores the reasons why.

Jens Arnold, Beata Javorcik, Aaditya Mattoo, 01 October 2011

Compared to the goods sector, we know relatively little about the effects of trade liberalisation on the services sector, despite this being the main employer in many countries. This column presents firm-level data from the Czech Republic that suggests that services sector reform can improve the performance of domestic manufacturing firms – something that protectionist sympathisers should be wary of.

Ejaz Ghani, Arti Grover Goswami, Homi Kharas, 04 May 2011

Services have long been the main source of growth in rich countries. This column argues that services are now the main source of growth in poor countries as well. It presents evidence that services may provide the easiest and fastest route out of poverty for many poor countries.

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