IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The pivotal role of services in transitional economies: lessons from the West

  • Kolleen J. Rask
  • Kevin N. Rask

A critical lesson to be learned from developed market economies is that strategic services are at the core of an efficiently operating market system. Paradoxically, in transitional economies striving to create a private market structure, services tend to be the least developed, least appreciated, and unbalanced sector. This condition derives from the heritage of socialist countries which is largely one of supplanting these essential services functions with a command structure in which development of independent service industries lags that of manufacturing and agriculture. Improving our understanding of the significance, composition, and evolution of service industries in the development process of market economies is an important contribution to the current economic transition process. This extensive experience serves to illustrate not only the pivotal role of services in facilitating growth and development, but also the dynamic and flexible public policy toward services. Western service development, therefore, is used as a basis for projecting current and future needs of service industries in transitional economies. There is strong evidence that without efficient service industries, other sectors of the economy stagnate, a situation which must be strenuously avoided in the fragile political environment of most transitional economies.

(This abstract was borrowed from another version of this item.)

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0351.1994.tb00128.x
File Function: link to full text
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by The European Bank for Reconstruction and Development in its journal Economics of Transition.

Volume (Year): 2 (1994)
Issue (Month): 4 (December)
Pages: 467-486

as
in new window

Handle: RePEc:bla:etrans:v:2:y:1994:i:4:p:467-486
Contact details of provider: Postal: One Exchange Square, London EC2A 2JN
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0967-0750
More information through EDIRC

Order Information: Web: http://www.blackwellpublishing.com/subs.asp?ref=0967-0750

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:bla:etrans:v:2:y:1994:i:4:p:467-486. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)

or (Christopher F. Baum)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.