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Global Productivity: Trends, Drivers, and Policies

September 10, 2020

DECRG Kuala Lumpur Seminar Series

  • The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. There is now intensive discussion about its impact on productivity going forward. A major new study on Global Productivity: Trends, Drivers, and Policies, expands on previous work in its wide-ranging scope (productivity growth, convergence, and employment impacts); its focus on emerging markets and developing economies (EMDEs); and the breadth of its approaches (macroeconomic, sectoral, and firm-level). It is accompanied by a comprehensive dataset of productivity measures for up to 164 advanced economies and EMDEs for 1980-2018 and introduces a new sectoral dataset of productivity. The study documents that the global productivity growth slowdown after the 2007-09 financial crisis affected more than two-thirds of countries. The COVID-19 pandemic may leave lasting scars which will further delay income convergence in EMDEs, where productivity is, on average, only one-fifth of the advanced-economy average. Reflecting the multitude of sources of the slowdown, rekindling productivity growth will require a broad-based policy response. Shifts in the post-pandemic global economic landscape may offer opportunities for those countries that implement reforms to take advantage of them.

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  • Alistair Dieppe was a Lead Economist in the World Bank Prospects Group during August 2018-August 2020. He is re-joining the European Central Bank (ECB). There, he had worked in the Directorate General International, analyzing and forecasting the Global Economy and studying the linkages between advanced and emerging markets. Previously he worked for many years in the Research Department of the ECB. Alistair Dieppe has published on a wide variety of topics and has being a developer of the BEAR toolbox. He has also worked at Oxford Economics and Cambridge Econometrics.  

    Gene Kindberg-Hanlon is an Economist in the World Bank’s Development Prospects Group. He is currently researching a range of macroeconomic topics. Previously, he worked in the Bank of England’s International Directorate, forecasting the world economy, and prior to that, covered banking and sovereign financial stability issues in Europe. He holds an MSc. in economics from University College London and a BSc. from the University of York.

DETAILS

  • WHEN (Kuala Lumpur Time) - September 10: 9:00 -10:00 AM
  • WHEN (Washington, D.C. Time) - September 9: 9:00 – 10:00 PM
  • WATCH: Watch Recording
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