Expanding service sector
- Increasing services industry
Implementation
In western economies, growth in the service sector was very marked in the past two decades of the twentieth century. This rapid expansion, and concomitant growth in employment, has been driven by a combined growth in services to businesses and social and personal services, in particular in the 1980s.
Claim
Overall employment growth in the service sector will slow down in the decade of the 1990s and a polarization of jobs is likely to occur. Currently the service sector in North America and western Europe, in particular the financial sector, retailing and the public sector, is being restructured as manufacturing was in the 1980s, in response to financial constraints, competitive pressure and new technologies. Job cuts and early retirement schemes will be introduced as firms consolidate or are taken over.
Broader
Narrower
Constrains
Facilitates
Facilitated by
Problem
Value
Reference
SDG
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
- Social activity » Services
- Industry » Industry
- Industry » Service sector » Service sector
Content quality
Yet to rate
Language
English
Last update
Dec 3, 2024