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Editorial: An End to Neglect of Services? |
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One of AmCham's concerns in recent years has been whether swift enough action is being taken to promote development of a robust service sector, particularly one geared to high-value, knowledge-based services. In many of the Chamber's discussions with government agencies about economic policies, officials often appeared to display a mind-set still oriented toward the manufacturing industries that traditionally represented the core of Taiwan's economic strength. Despite the steady move offshore of many of those industrial sectors in pursuit of lower production costs over the past decade, the potential importance of services as a new driver of economic growth and employment opportunities did not seem fully appreciated. And even though the service sector in Taiwan has already expanded to the point that it accounts for two-thirds of gross domestic product, the impression remained in many quarters that service jobs (aside from those in financial services) are typically low-skilled and poorly paid -- the kinds of jobs frequently derided as "hamburger flipping."
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