adverse events
Category=KCA
Category=KCF
Category=KCG
Category=KCL
crisis
emerging market economies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
productivity
productivity gaps
regional productivity
regional productivity trends
technology
Product details
- ISBN 9781464816086
- Weight: 333g
- Dimensions: 175 x 251mm
- Publication Date: 09 Jun 2021
- Publisher: World Bank Publications
- Publication City/Country: US
- Product Form: 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.
