Differences between manufacturing and services play important implications For LDCs and the DCs For measuring and studying services | Lecturer: Dr. Truong Thi Kim Chuyen CONTENT Defining and the theorizing services National and global stimuli to the growth of services Service outsourcing: benefits and drawbacks for all? Limits to service export growth in the semi-periphery and periphery Geography of services Variety in the internationalization of services Group members Thái Thụy Tường Vy Đỗ Bảo Khánh Phạm Bình Dương Đoàn Anh Việt Nguyễn Thị Anh Thư Defining and the theorizing services I. Defining and the theorizing services Following Fisher – Clark thesis, services have been defined: Comprising what remains after agriculture, mining and manufacturing are excluded. (1st defined way) Production and consumption of intangible inputs and outputs. (2nd defined way) Following Fisher – Clark thesis, services can be defined by 2 ways. The first way, it focus on the differences between manufacturing and services - Comprising what remains after agriculture, mining and manufacturing are excluded. The second way is the | Lecturer: Dr. Truong Thi Kim Chuyen CONTENT Defining and the theorizing services National and global stimuli to the growth of services Service outsourcing: benefits and drawbacks for all? Limits to service export growth in the semi-periphery and periphery Geography of services Variety in the internationalization of services Group members Thái Thụy Tường Vy Đỗ Bảo Khánh Phạm Bình Dương Đoàn Anh Việt Nguyễn Thị Anh Thư Defining and the theorizing services I. Defining and the theorizing services Following Fisher – Clark thesis, services have been defined: Comprising what remains after agriculture, mining and manufacturing are excluded. (1st defined way) Production and consumption of intangible inputs and outputs. (2nd defined way) Following Fisher – Clark thesis, services can be defined by 2 ways. The first way, it focus on the differences between manufacturing and services - Comprising what remains after agriculture, mining and manufacturing are excluded. The second way is the notion of service encapsulation of goods and materials which is useful for understanding how services are increasingly incorporated into manufactured products. 1st defined way Differences between manufacturing and services play important implications For LDCs and the DCs For measuring and studying services Some differences between manufacturing and services have important implications for less developed countries and the developed countries. Services are categorized into 7 major components Finance, insurance and real estate Business services Transportation and communications Wholesale and retail trade Entertainment, hotels and motels Public services at all government levels Non-profit services 2nd defined way The distinction between tangible manufactured goods and intangible services is not clear cut Many manufactured products have come to be offered not in their own right to consumers, but in terms of their wider service attributes. This has occurred in 2 ways The manufactured .
