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The Political Economy of the Service Transition (Hardcover)
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The Political Economy of the Service Transition (Hardcover)
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Over the past four decades the wealthiest OECD economies-in Europe,
North America, and Australasia- have faced massive structural
change. Industrial sectors, which were once considered the economic
backbone of these societies, have shrunk inexorably in terms of
size and economic significance, while service sectors have taken
over as the primary engines of output and employment expansion. The
impact on labor markets has been profound: in many OECD countries
more than three-quarters of employment is now in services, while
industrial sectors, on average, account for less than one-fifth.
This sectoral shift in the locus of economic activity has
potentially radical implications for politics and society. However,
these implications are only beginning to be understood. This
path-breaking book is a systematic attempt to understand the
distinct political economy of service societies. It examines how
different types of socio-economic regimes manage the service
transition, with a central focus on job creation and destruction
and the changing characteristics of labor markets, and shows that
the economic, distributional, and political outcomes with which it
is associated vary across countries depending on their
political-institutional structures.
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