IDEAS home Printed from https://ideas.repec.org/p/unt/pbmpdd/pb34.html
   My bibliography  Save this paper

Development of services sector for economic diversification and integration in North and Central Asia

Author

Listed:
  • Richard Pomfret

    () (University of Adelaide)

  • Tiziana Bonapace

    () (Subregional Office for North and Central Asia, ESCAP)

Abstract

A key medium-term policy challenge faced by North and Central Asian economies is to gain competitiveness beyond the export of primary commodities. Among other measures, doing so requires improving the services component of the production process, which in turn would facilitate structural diversification and enhance regional economic integration. These services, also known as backbone infrastructure services or producer services, have direct consequences for adding value in production processes. More than two decades after the end of the central planning system, the role of services in the subregion remains limited. While the share of services in GDP increased in most subregional economies between 1993 and 2013, activities often involve small-scale trading rather than the business services that are required in a modern economy or by those intending to participate in global value chains. Furthermore, lack of adequate data measurements significantly reduces policy-makers’ understanding of the role services play in economic diversification, as well as their capacity for evidence-based policymaking.

Suggested Citation

  • Richard Pomfret & Tiziana Bonapace, 2016. "Development of services sector for economic diversification and integration in North and Central Asia," MPDD Policy Briefs PB34, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  • Handle: RePEc:unt:pbmpdd:pb34
    as

    Download full text from publisher

    File URL: http://www.unescap.org/sites/default/files/MPFD%20Policy%20Brief-NCA-Services-sector.pdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unt:pbmpdd:pb34. 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: (Macroeconomic Policy and Development Division, ESCAP). General contact details of provider: http://edirc.repec.org/data/escapth.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.