The Age of Productivity: Transforming Economies from the Bottom UpAge of Productivity offers a look at how the low productivity in Latin America and the Caribbean is preventing the region from catching up with the developed world. The authors look beyond the traditional macro explanations and dig all the way down to the industry and firm level to uncover the causes. |
Contents
| 1 | |
The Key to Unlocking Latin Americas Development Potential | 23 |
The Challenge of the Service Sector | 44 |
Firms and Resource Allocation in Latin America | 69 |
A Route to Reallocation with a High Transport Toll | 97 |
6 Why Credit Matters for Productivity | 122 |
A Game of Hide and Seek | 153 |
Reconciling Protection with Productivity | 181 |
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Common terms and phrases
access to credit aggregate productivity agriculture allocation Argentina average benefits Bolivia Brazil calculations based Caribbean chapter Chile Colombia competition coordination Costa Rica developed countries East Asia economy Ecuador effects efficiency El Salvador employment export factors Figure formal firms freight higher impact important improve incentives income per capita increase industrial policy informal firms inputs institutions Inter-American Development Bank investment labor productivity large firms Latin America Latin American countries low productivity manufacturing market failures measure Medium Mexico misallocation OECD output Pagés Paraguay percent percentage Peru policymaking political potential productiv productive firms productivity gap productivity growth programs reallocation region relative Salvador service sector share simplified tax regimes small firms SME policies social protection social security Source subsidies targeting tariffs TFP growth tion Total factor productivity trade costs transport costs United Unpublished document Uruguay Venezuela volatility Washington workers World Bank