At times we present external contributions issued in - and related to - non-European countries. Productivity as the Key to Economic Growth and Development is the title of a four page World Bank Group Research and Policy Brief, released 2016 by the World Bank Malaysia Hub. The core statement goes as follows: "Without improvements in productivity, there is no economic growth—either sustained or inclusive. To raise productivity, four components must work together: innovation, education, efficiency, and infrastructure. Each requires contributions from the public and private sectors." (p. 1)
This Research Policy Brief discusses, after a short definition of productivity, each of the components enumerated above "and illustrates them by analyzing six countries in Asia and Latin America: Malaysia, Singapore, and Vietnam, and Chile, Mexico, and Peru. These six countries are members of a free trade agreement recently signed on February 2016". (p. 1)
The paper closes with a short comparison across the developing countries in question and between developed and developing countries. Each of the six countries considered "is in a different stage of development and has its own strengths and weaknesses in terms of the drivers of productivity. Governments may use this information to set their priorities and design policies and programs to target these drivers, especially where productivity gains depend on collective action and public goods." (p. 4)
Source: Young Eun Kim; Norman Loayza; Claudia Meza-Cuadra 2016 Productivity as the Key to Economic Growth and Development. World Bank Group Development Research, Research & Policy Briefs From the World Bank Malaysia Hub, No. 3, August.