Services: A New Source of Value

Mika Pajarinen, Petri Rouvinen, Pekka Ylä-Anttila

Research output: Book/ReportReport

Abstract

The division of the economy into three sectors – primary production, industry (mainly manufacturing), and services – has become obsolete, i.e., the dividing lines between them have become blurred and partly disappeared completely. Manufacturing and services complement each other. Many successful multinational companies are deeply engaged in combining goods and services in their operations and market offerings. Digitalization is changing the traditional understanding of services: many services can be stored and transferred as goods. Consequently digital services are growing faster than any other segment of world trade.
Original languageEnglish
Number of pages8
Publication statusPublished - 7 May 2013
MoE publication typeD4 Published development or research report or study

Publication series

SeriesETLA Muistio - Brief
Number11
ISSN2323-2463

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