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Stages Component1 #53226 The two stages of service economy growth are not a well-known. It's from a recent NBER paper (see citation). The first stage is "main street:" restaurants, service shops, movies, etc. The second stage is finance and professional consultation, enabled by global IT and financial services.

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Compression Thinking »Compression ThinkingCompression Thinking☜Population growth squeezes all of us on a planet whose resources are finite. To not only survive, but improve quality of life, we must become much smarter using what we have. For practical, effective action, work organizations critical to Compression must greatly compress their learning cycles.☜F1CEB7

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Compression vs. Expansion Thinking »Compression vs. Expansion ThinkingCompression vs. Expansion Thinking☜In Compression we must learn to guide our actions using physical measurements before applying financial ones. This applies to all organizations: for-profit, non-profit, and government. Because this turns expansionary economic thinking upside down, Compression is primarily a human challenge.☜FFB597

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Expansion Economics »Expansion EconomicsExpansion Economics☜Trade routes and merchant records date back millennia; double entry accounting to the 13th century. Expansionary economics evolved to support the global expansion that began with European colonization 500 years ago, accelerating with the industrial revolution. Now even the basics are growth models. ☜FFB597

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History - how did we get this way? »History - how did we get this way?History - how did we get this way?☜To escape our past, we need to understand it. Any legacy we were born into seems normal to us; whether remote village life; a hard-edged slum; high-tech; or competitive business. Some influences drive our managerial mind sets; others drive physical expansion. We need to escape them. ☜FFB597

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Service Industries »Service IndustriesService Industries☜Economic data classify anything not mining, manufacturing, agriculture, fishing, forestry, construction, or government as a service -- everything from investment banks to flea markets, almost 80% of the US GNP. Services built and powered by the physical economy constitute the consumption economy. ☜59C6EF

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StagesStages☜The two stages of service economy growth are not a well-known. Its from a recent NBER paper (see citation). The first stage is main street: restaurants, service shops, movies, etc. The second stage is finance and professional consultation, enabled by global IT and financial services. ☜9FDEF6

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Link[1]

Author: Eichengreen and Gupta
Cited by: Robert Hall 4:51 PM 25 February 2010 GMT
URL:

http://www.nber.org/papers/w14968

Excerpt / Summary

Barry Eichengreen and Poonam Gupta, "Two Waves of Service Sector Growth," Working Paper #14968, National Bureau of Economic Research, May 2009. You can download it from the URL, but it costs $5.

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Entered by:- Robert Hall
NodeID: #53226
Node type: Component
Entry date (GMT): 2/25/2010 4:46:00 PM
Last edit date (GMT): 2/25/2010 5:04:00 PM
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