The effect of services needs to be updated in economic activity data to avoid bad decisions - a podcast by Asian Development Bank Institute

The idea that manufacturing is superior to services for powering a country’s economy has long been taken as a given.

That’s why some economists have issued warnings about developing countries experiencing what they call premature deindustrialization. In those countries, they see service activity overtaking manufacturing before a proper manufacturing economy has taken hold.

But what if the way services are measured no longer reflects modern production? And what if services don’t deserve to be relegated to a lesser form of production anyway?

Read the transcript
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Read the working paper
https://bit.ly/2OrCE8R

About the authors
Valerie Mercer-Blackman is a senior economist at the Asian Development Bank.
Christine Ablaza is a doctoral student at the University of Queensland in Brisbane.

Know more about ADBI’s work
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