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Market Services and the Productivity Race, 1850-2000: British Performance in International Perspective

Market Services and the Productivity Race, 1850-2000: British Performance in International Perspective

Paperback

Series: Cambridge Studies in Economic History - Second

Business GeneralEconomicsBritish History

ISBN10: 0521123143
ISBN13: 9780521123143
Publisher: Cambridge University Press
Published: Nov 12 2009
Pages: 432
Weight: 1.39
Height: 0.96 Width: 6.00 Depth: 9.00
Language: English
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. This title is also available as open access on Cambridge Core.

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