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World Bank Publications Global Productivity: Trends, Drivers, and Policies

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Description

Productivity growth is the foundation of lasting income growth and poverty reduction: Poverty declined in EMDEs with the fastest pace of productivity growth 1981-2015, and rose in EMDEs with the lowest pace. A broad-based slowdown in productivity growth has been underway. Productivity levels in EMDEs remain less than 20 percent of the advanced-economy average, and just 2 percent in LICs. Factors contributing to the productivity deceleration include smaller gains from sectoral reallocation, a slowdown in improvements in many drivers of productivity growth, and an increase in the frequency of adverse shocks.

Product Specifications

Format
Paperback
Domain
Amazon UK
Publication Date
30 October 2020
Listed Since
05 August 2020

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