FOREWORD
INTRODUCTION

TRENDS AND CHALLENGES IN SERVICES SECTOR
　Introduction
　Importance of the Services Sector
　Key Issues in the Services Economy and its Contribution to Productivity Growth
　Conclusion and Policy Implications
　Appendix
　References

SECTOR-SPECIFIC ISSUE 1: FINANCIAL DEVELOPMENT AND PRODUCTIVITY
　Introduction
　Financial Development and Productivity
　Productivity Trend for the AsiaPacific Region
　Nonlinearity between Productivity and Financial Development
　Policy Implications
　Conclusion
　References

SECTOR-SPECIFIC ISSUE 2: BUSINESS SERVICES AND PRODUCTIVITY
　Introduction
　Trends of Productivity in Business Services
　Theoretical Review
　Key Issues of Business Services
　Country Case Studies
　Conclusion
　References

CROSS-CUTTING ISSUE: REGULATORY REFORMS AND PRODUCTIVITY
　Introduction
　Theoretical Review: Regulations and Productivity
　Regulatory Reform Trends
　Regulatory Reform Effects
　Conclusions
　References
　Appendix

SPECIAL ISSUE: SERVICES AND ROLE OF GVCs IN PRODUCTIVITY GROWTH
　Introduction
　Services Trade and GVCs
　Services Trade and GVCs in APO Economies
　Implications for Productivity-led Economic Growth
　Directions for Further Study
　Appendix
　References

CONCLUSION

COUNTRY PROFILES