Global Productivity: Trends, Drivers, and Policies

ISBN-10: 1464816093
ISBN-13: 9781464816093
Category: Business & Economics
Pages: 460
Language: English
Published: 2021-06-09
Publisher: World Bank Publications
Author: Alistair Dieppe

Description

The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Get the book

Similar books

Global Productivity: Trends, Drivers, and Policies
By Alistair Dieppe
The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read.
The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability
By William W. Lewis
The Institute's unprecedented research method and Lewis's years of experience with economic policy combine to make The Power of Productivity the most authoritative and compelling view of the global economy today, one that will inform ...
Gone with the Headwinds: Global Productivity
By Marcos Poplawski-Ribeiro, Davide Furceri, Gustavo Adler
Behind this are balance sheet vulnerabilities, protracted weak demand and elevated uncertainty, which jointly triggered an adverse feedback loop of weak investment, weak productivity and bleak income prospects.
Terrestrial Global Productivity
By Jacques Roy, Harold A. Mooney, Bernard Saugier
The book is comprised of three major sections. The first section is a review of the processes that operate globally to influence productivity--these are the initial conditions of any model of primary productivity.
The Future of Productivity
By OECD
This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to ...
Productivity Growth in the Manufacturing Sector: Mitigating Global Recession
By Mihir Kumar Pal
Once efficiency increases, it enhances competitiveness, thereby increasing productivity growth and its different sources of ... Journal of Econometrics, 6(1), 21–37. ... In R. E. Caves (Ed.), Industrial efficiency in six nations (pp.
Human Work Productivity: A Global Perspective
By Shrawan Kumar, Anil Mital, Arunkumar Pennathur
At this point it is necessary to explain more about the human factors that contribute in large part to TPM success. Operators, maintenance staff, and their supervisors have the most interactions with machinery and equipment.
Global Value Chains and Productivity: Micro Evidence from Estonia
By Mr.Philippe Wingender, Cheikh A. Gueye, Hang T. Banh
The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade.
Investment-Specific Productivity Growth - Chile in a Global Perspective
By Mr.Gabriel Di Bella, Mr.Martin Cerisola
By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted sharply with the previous decade, when productivity grew by a cumulative 30 percent.
An African Answer: The Key to Global Productivity
By Edgar J. Ridley
An African Answer: The Key to Global Productivity