Economic development, investment dependence, and the rise of services in less developed nations.

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Abstract

Using a sample of 45 less developed countries during the years 1960-70, and 1980, it was found that: 1) it is crucial to distinguish between various service segments within the tertiary sector in the study of industrial transformation, 2) the rise of producer-oriented services is mainly influenced by level of investment dependence while the growth of personal and social (consumer-oriented) services is mostly affected by level of economic development (GNP), and 3) the observed relationships hold even when manufacturing structure of the labour force is controlled. Suggests that the effect of dependency on growth of production services reflect vested interests of external investors, while the effect of economic development on social and personal services reflects internal processes.-from Authors

Original languageEnglish
Pages (from-to)582-598
Number of pages17
JournalSocial Forces
Volume64
Issue number3
DOIs
StatePublished - 1986
Externally publishedYes

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