Sustainable growth requires sustained private sector demand.

Indeed, productivity growth in India s service sector matches productivity growth in China s manufacturing sector, thereby reducing poverty by enabling wages to rise.

The space industry is a growth sector in Norway.

The very vitality of the business sector is growth.

Making Asia s service sector more dynamic is essential to future growth.

High technology communications may represent an emerging growth sector for Guam.

(f) Creating an environment conducive to private sector growth and development

But there is little empirical evidence that public sector wages have a significant impact on private sector wage growth.

Asia s service sector is already large, contributing significantly to growth and employment.

Integration of the informal sector into the formal economy could increase contribution of the informal sector to economic growth and poverty eradication.

The tradable sector accounts for just 30 of the US economy (by value added), and employment growth in the tradable sector is negligible.

With the usual drivers of GDP growth constrained across Europe, the one economic sector able to spend is the non financial corporate sector.

Furthermore, promoting financial deepening and inclusiveness could accelerate private sector growth, creating more opportunities.

The service sector in general has experienced growth in recent years, as has construction.

Also worth noting is the growth of the courier and express delivery services sector.

Rapid economic growth is to be based on the private sector, including foreign direct investment.

But the main problem is that public sector investment remains well below growth sustaining levels.

India already has a large service sector, which has been a major source of growth.

But the potential for explosive growth has usually been seen only in the manufacturing sector.

But the greater the fiscal correction and private sector deleveraging, the worse growth prospects become.

Transport is considered a major sector that will contribute to the growth of GHG emissions.

Even less information is available on the contribution of the informal sector to economic growth.

If employment growth in the non tradable sector dominated by government and health care falters, the tradable sector will have to take up the slack.

As a result, the large non tradable sector and the domestic demand portion of the tradable sector cannot serve as engines of growth and employment.

In India, the service sector has not only led overall economic growth, but is also characterized by higher labor productivity than in the industrial sector.

This is vital because, according to the World Bank, growth in farming eliminates poverty twice as much as growth in any other economic sector.

The US economy s projected 2 growth this year, despite a 1.8 of GDP cut in government spending, implies real private sector growth of 3.8 .

Much of the growth merely compensates for the exceptionally high inflationary pressures in Russia s defense sector.

Service sector productivity growth in formerly manufacturing heavy Asian economies has been dismal by international standards.

Longer term growth requires investment by individuals (in education and skills), governments, and the private sector.

Despite 30 months of private sector job growth, the US still confronts a large jobs deficit.

The sharpest growth in relative terms was in the human services sector of EPI (Figure 4).

Recent growth has been stimulated by strong activity in the construction sector and an improvement in tourism.

World Bank (2004a). Strengthening the foundations for growth and private sector development investment climate and infrastructure development.

In the last decade, we have seen an enormous growth in the community and independent media sector.

Developing the service sector could also diversify the production base, thereby enhancing economic resilience and boosting growth momentum.

It is that service sector productivity growth has run at barely half the rate of the United States.

But, while doing so, they are not likely to be expanding private sector lending to support economic growth.

The growth of the tourism sector has become the main foreign exchange earner for Saint Kitts and Nevis.

Instead, these officials have decided to refocus ADB operations on three areas inclusive economic growth, environmentally sustainable growth, and regional integration, with a heavy emphasis on private sector development.

Low or negative population growth also implies lower potential economic growth and therefore worse debt to GDP dynamics and increasingly grave doubts about the sustainability of public sector debt.

Similarly, without dynamic, growth oriented economic policies supporting a healthy private sector capable of generating jobs, income and tax revenues over time, sustainable economic growth will not be achieved.

With the tradable sector neutralized and the non tradable sectors maxed out, the economy lacks sufficiently powerful growth engines.

The service sector also tends to be more effective in job creation, particularly for women, thus supporting inclusive growth.

But policy mismanagement and structural weaknesses in the financial sector and local governments could undermine efforts to safeguard growth.