Service Multinationals: Their Past, Present, and Future

Management International ReviewBand 48 Nr. 4, Juli 2008

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Service Multinationals: Their Past, Present, and Future

Introduction

The emergence of services started in the 1960s as industrialized economies of the world witnessed an increase in the services share of gross domestic product, total employment, total foreign direct investment, and balance of payments. Aharoni (2000) noted that an important manifestation of the changing nature of the global economy was the increasing importance of services sector as a percentage of gross national product in both developed and developing economies. According to World Bank ( 1999), during 1980-1997, the share of services in gross domestic product has increased across the board, though the steep transformation from manufacturing to services has taken place in the highly developed countries. In all low income countries, this share g...

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