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  3. Market Services and the Productivity Race, 1850–2000
  • Cited by 45
Publisher:
Cambridge University Press
Online publication date:
July 2009
Print publication year:
2006
Online ISBN:
9780511495748
DOI:
https://doi.org/10.1017/CBO9780511495748
Subjects:
British History after 1450, History, Regional History after 1500, Economic History
Series:
Cambridge Studies in Economic History - Second Series
Information

Book description

Now that services account for such a dominant part of economic activity, it has become apparent that achieving high levels of productivity in the economy requires high levels of productivity in services. This book offers a major reassessment of Britain's comparative productivity performance over the last 150 years. Whereas in the mid-nineteenth century Britain had higher productivity than the United States and Germany, by 1990 both countries had overtaken Britain. The key to achieving high productivity was the 'industrialisation' of market services, which involved both the serving of business and the provision of mass-market consumer services in a more business like fashion. Comparative productivity varied with the uneven spread of industrialised service sector provision across sectors. Stephen Broadberry provides a quantitative overview of these trends, together with a qualitative account of developments within individual sectors, including shipping, railways, road and air transport, telecommunications, wholesale and retail distribution, banking, and finance.

Reviews

'The book's great achievement is to force us to refocus our thinking.'

Source: Contemporary European History

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