Abstract: The importance of the services industry as a share of overall production and employment in any country increases with growth and development. This expansion in the service-intensity of economies is driven by a number of forces including: final demand factors and basic structural changes in production linked to development. This paper delves into the literature available on the services industry in an effort to uncover the importance of services in an economy. It then examines the Bahamian economy to give readers insight into the small country’s economic climate and composition. It then hones in on the major services offered in the country and identifies flaws in the country’s sole reliance on tourism.
Keywords: services, trade, tourism, economic growth, economic development.
Title: An Investigation into Services Trade in the Bahamas
Author: Princia Bethel
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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