bailey_187
5th July 2011, 17:06
i had always assumed that in the richer economies, the service sector dominated, while in the poorer economies of the world, the industry or agricultural sector dominated
but flicking through The Economist pocket world in figures book, the majority of the economies of the world seem to be dominated by service industry, even in poor Latin American or South East Asian economies etc. For example Venezuela and Peru have roughly the same percentage of people working in the service industry as the USA does, while all three of these countries have more employed in the service industry (as a %) than Italy. On the whole though most of the economies of the world seem to dominated by the service sector, with it being about 50-70% of the economy, regardless of catagories of Third or First world etc. (Although the exceptions seem to be African economies, when there is information avaliable, as agriculture seems in many to be more dominant)
Just thought that was interesting and challanged the view that the first world was just a bunch of service sector, while the third world has all the factories, industry and traditional proletarians.
but flicking through The Economist pocket world in figures book, the majority of the economies of the world seem to be dominated by service industry, even in poor Latin American or South East Asian economies etc. For example Venezuela and Peru have roughly the same percentage of people working in the service industry as the USA does, while all three of these countries have more employed in the service industry (as a %) than Italy. On the whole though most of the economies of the world seem to dominated by the service sector, with it being about 50-70% of the economy, regardless of catagories of Third or First world etc. (Although the exceptions seem to be African economies, when there is information avaliable, as agriculture seems in many to be more dominant)
Just thought that was interesting and challanged the view that the first world was just a bunch of service sector, while the third world has all the factories, industry and traditional proletarians.