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Trade and Development Report 1988

image of Trade and Development Report 1988

This publication identifies the key issues in the global economy and the design of development strategies addressed in the Trade and Development Report over the past three decades, tracing them through its various editions. It shows how ideas, opinions and proposals expressed in the Trade and Development Report, and the analytical approaches used, differed from those of “the mainstream” and their evolution in response to new challenges. This review revisits the concept of interdependence and explains the approach of the reports to macroeconomic and financial policies in both developed and developing countries. It also summarizes development policy failures and successes over the years.

English

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The growth of services in developed market-economy countries

The past quarter century has seen a marked rise in output per capita in developed market-economy countries. Although growth has proceeded somewhat differently in each economy, an important characteristic common to all is the significant rise in the share of output and employment accounted for by the services sector. It was the rapid increase in employment in services that first drew attention to the structural changes taking place. By 1985 even the most conservative estimates showed that, for the 10 OECD countries ranking highest in terms of 1985 shares of employment in services, the average share had risen from below one half in 1960 to two-thirds in 1985; among the 10 lowest ranking OECD countries, the average share rose from below 40 to over 55 per cent.

English

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