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

Description

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.

Stephen Broadberry is Professor of Economics at the University of Warwick. His recent books include The Productivity Race: British Manufacturing in International Perspective (1997) and, as editor with Mark Harrison, The Economics of World War I (2005).

"Broadberry has written an impressive book that will interest economic historians and students of economic growth, particularly those focusing on Britain." -Alex Field, Santa Clara University "Stephen Broadberry's comparative history, mirroring his earlier work on the manufacturing sector, comes, therefore, as a welcome contribution...In short, this is a path breaking book with much stimulating discussion..." -Alan Booth, University of Exeter, The International History Review "[...]insightful analysis[...]Broadberry's book will be thought provoking for scholars concerned with current economic developments." -Barry Eichengreen, University of California, Berkeley, American Historical Review