Global Productivity Slowdown and the Role of Technology Adoption in Emerging Markets
The global productivity slowdown is affecting mature as well as emerging economies and this pattern has been particularly prominent over the past five years. Productivity levels in mature economies are almost five times higher than those of emergin...
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| Format: | Brief |
| Language: | English |
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International Finance Corporation, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/330711477477685112/Global-productivity-slowdown-and-the-role-of-technology-adoption-in-emerging-markets http://hdl.handle.net/10986/30329 |
| Summary: | The global productivity slowdown is
affecting mature as well as emerging economies and this
pattern has been particularly prominent over the past five
years. Productivity levels in mature economies are almost
five times higher than those of emerging countries,
providing ample catch-up opportunities for emerging markets
in their efforts to generate growth and eradicate poverty.
This article highlights the forces of new technologies and
business models as key drivers for emerging and mature
economies’ productivity and hence future growth patterns.
However, emerging markets have to find a way to make good
use of available productivity-enhancing technologies and
business models that meet their economies’ needs and capabilities. |
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