Lamenting the decline of the manufacturing sector misses the fact that the service sector is increasingly important for future growth
Recent decades have seen a massive economic shift from manufacturing to service industries. But how much of this structural transformation is a shift in organisational boundaries, in which work that was previously done within manufacturing firms is now outsourced to specialised service providers? Giuseppe Berlingieri looks at changes in the US economy over the past 60 years. We are constantly […]