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IL40: Why the Economy Feels Broken... Even When It’s Growing ft. Diane Coyle

Top Traders Unplugged

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The Shift to Servitization and Economic Measurement Challenges

This chapter examines the trend of 'servitization' in manufacturing, particularly in the aerospace industry, highlighting how services have become a key revenue source. It addresses the complexities of measuring economic activity in light of digitalization and the rise of free services, which complicate traditional GDP calculations. The discussion further explores challenges in data management and the implications of disintermediation on understanding economic contributions from both paid and unpaid activities.

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