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Services, growth poles and advanced economies

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Abstract

In the twenty-first century, nearly 70% of new jobs in the US have been in services, matching worldwide expansion of the services sector. This paper discusses the role of services in advanced economies internationally as a vehicle for ongoing growth and prosperity. The discussion will be frames through pole theory. Contributions of private, profit driven service activity is assessed. Services provide stability while contributing to the growth process, and may constitute growth poles on their own as in money markets and insurance. Services facilitate business and business change, both in domestic and international markets.

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Authors and Affiliations

  1. Department of Economics, Kent State University, Kent, USA

    David L. McKee

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  1. David L. McKee
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Correspondence to David L. McKee.

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McKee, D.L. Services, growth poles and advanced economies. Service Business 2, 99–107 (2008). https://doi.org/10.1007/s11628-007-0026-y

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  • DOI: https://doi.org/10.1007/s11628-007-0026-y

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