The Tertiary Sector: Evolution, Public vs Private, Financialization
Classified in Geography
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The tertiary sector and its activities
Evolution of the service economy
This sector plays an increasingly important role in the global economy. However, its relative weight depends on a country’s level of economic development. There are significant differences between developed and developing countries in terms of the quantity and quality of the services provided.
In developed countries, which rank high on the HDI, services tend to be located in large urban areas and tourist areas. They employ more than 60% of the working population. In major cities, like Madrid and Paris, the percentage employed by this sector is over 80%. The quality of the different services available gives the population a significant level of well-being.
In developing countries,... Continue reading "The Tertiary Sector: Evolution, Public vs Private, Financialization" »