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Global productivity - trends, drivers, and policies (Paperback)
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Global productivity - trends, drivers, and policies (Paperback)
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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.
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