STRATEGIC PRIORITIES FOR THE DEVELOPMENT OF THE NATIONAL SERVICE SECTOR IN THE FACE OF GLOBAL CHALLENGES

Abstract

The purpose of the study is to determine the priorities of the development of the service sector at a significant level of threats. Opposite signs of trends in changes in the shares of services and production in the global GDP were revealed. It is indicated that the service sector is more adaptable to threats than the production sector, which makes increasing its share in the country's economy a strategic priority. Significant differentiation and dynamism of labour supply and demand in various areas of service activity were revealed, which is evidence of the high sensitivity of the service sector to market needs and significant uncertainty in the results for subjects of economic activity in the service sector in conditions of significant external challenges. The study of the dynamics of export and import by services indicated that the adaptability of business to a systemic threat cannot be considered as a reaction to a single-vector external influence - not only direct challenges but also secondary threats can be significant for business activity. The priorities of the development of the service sector are indicated. It is proposed, first of all, to promote the development of those areas of service activity that are multipliers of economic growth in other industries and areas that are capable of solving urgent economic and social problems promptly.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 1 citations exist upstream.