GEOG2205 Lecture Notes - Lecture 7: Electronic Waste, Outsourcing, Colt New Service

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School
Department
Course
Professor
Week 7
Rebecca Myers
Week 7 - New Service Economies
Fisher-Clark Thesis (1940s)
As a country increases in wealth it moves from primary to secondary to tertiary economic base.
3 sector division of economic activities
1. Primary (agriculture, mining) - extraction of raw materials
2. Secondary (manufacturing, industry, construction) - value-adding
3. Tertiary (services) - non-tradable as delivered on location
Services = Production and Consumption of intangible inputs and outputs (e.g., education, healthcare,
financial, tourism)
Consumer
Business
Public services
Physical, spatial or temporal change of people, manufactured product and information
Dominate employment in developed world
Global change in services employment
Reasons for services growth
Rising per capita income
Growing demand for healthcare and education services
Increasing complexity division of labour
Growing size and role of public sector
Increasing international trade in services
Rapid growth in outsourcing service functions
Outsourcing Services
Outsourig: orgaisatio otratig ork to a 3rd part → a e doesti or aroad
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