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Published in:
2008 | OriginalPaper | Chapter
The Use of Partnerships in Economic and Social Policy: Practice Ahead of Theory
Author : Sylvain Giguère
Published in: The Theory and Practice of Local Governance and Economic Development
Publisher: Palgrave Macmillan UK
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For more than 30 years now, our economies have undertaken a phase of intense restructuring. This has been in part a response to competition from emerging economies and low-wage countries, as well as to rapid technological change. It has also been a normal consequence of the maturing of our modern economies – as societies get wealthier, they consume relatively more services than goods. As a result, resources have been reallocated from sectors losing competitiveness to others with greater value added. The weight of the manufacturing sector has diminished steadily since the 1950s, with the decline accelerating since the 1970s. Resource reallocation is now also affecting the service sector, some of whose activities are moving offshore, thanks to the progress of information and communications technologies (ICTs).