Based in North Grafton, Massachusetts, Paul Andrew is a public policy advisor with international experience. One group that Paul Andrew assists is the Trade-In-Services Group, part of the World Bank. The World Bank created the Trade-In-Services group in order to address the growing prevalence of services in world economies.
The World Bank explains two reasons why services are more important in the 21st century. The first is that developments in technology makes providing desirable services, like computer programming, possible for developing nations. Remote work allows employers to fulfill clients’ needs without geographic proximity. Therefore, providing in-demand services at a reduced cost without sacrificing quality makes managing their use and sourcing quality providers more important.
The second reason the World Bank cites for services’ growing importance is that now, services comprise an input in the production of certain goods. Domestic service providers, like utility companies, help manufacturers run more smoothly, and provide their products to consumers in a timely fashion. Developing nations can also market services to other countries, like office work or shipping, so developed nations can devote their resources to other tasks. Combined with ready access to the Internet, the World Bank predicts that helping developing nations tap into the service sector will contribute to increased incomes and improved quality of life for a greater portion of the world.
Paul Andrew | North Grafton 