Dr. William Lewis, founding director of McKinsey Global Institute and author of the book The Power of Productivity, discusses the issues involved in productivity and why it varies around the world. He also remarks on the differences between high- and low-income countries, the effects of sector level analysis, education, and why consumers are a relevant political force able to challenge special interest groups.
Credits
Why Productivity Varies Around the World? William Lewis
Milton Friedman Auditorium
Universidad Francisco Marroquín
Guatemala, October 22nd 2008
A New Media - UFM production. Guatemala, October 2008 Camera: Joni Vasquez, Mynor de León; digital editing: Alexander Arauz; index and synopsis: Christiaan Ketelaar; content revisers: Daphne Ortiz, Rebeca Zuñiga; publication: Mario Pivaral / Carlos Petz
Slides
Content
Initial credits
Introduction
World distribution of GDP per capita by country
Interpretation of data
High income countries and low income countries
Middle income countries
Special cases
Fewer rich countries in the future
Shape of the curve
Effect of globalization on economic growth
How to improve GDP per capita
Successful development paths
High productivity development path
Japanese development path
Korea's low total factor productivity
Countries not yet on development path
What is keeping countries from getting on a development path?
Employment per capita and labor productivity
Edward F. Denison's opinion on economic development
Conclusions from
The Power of Productivity
Sector level analysis
Japanese dual economy
Highest productivity in manufacturing sector
GDP per capita gap between Japan and United States
Disrepute of the Washington consensus
Influence of microeconomic variables
Education
Effect of job training in productivity
Construction of apartment building in Sao Paulo and Houston
Distortions in competition in product markets
Labor productivity, output, and employment in United States commercial banks
Money market interest rate
Effect of IBM 360 mainframe
Effect of deregulation
Indian automobile industry
Joint venture between Suzuki and Indian government
Releasing product market constraints
Distorting markets to achieve social equity objectives
Importance of low skilled labor in the United States
Youth unemployment in France
Big governments in poor countries
Government spending and GDP per capita
Inefficient personal income tax (PIT) systems
Increase in informal markets
Economic development of Japan in 1950
Countries with reduced government size
Sophisticated government administrative structures
Overcoming difficulties to achieve economic development
Supermarkets and informal markets in Russia
Increase of informality in Brazil
Consumers
Importance of consumers in economic development
United States consumer advocacy in politics
Conclusions
Questions and comments period
Could capital productivity be considered at the same time as labor productivity?
Has there been any significant change in the purchasing power parity (PPP) since 2002?
Did you consider savings and its effects on investment, capital and productivity in your economic analysis of development?
How can you accommodate a world where every country has a high GDP per capita?
Words of acknowledgment by Giancarlo Ibárgüen
Final credits
Todos los comentarios
Selección del Editor
No hay comentarios en esta sección.
No hay comentarios en esta sección.
Universidad Francisco Marroquín
6 Calle final, zona 10
Edificio de la Escuela de Negocios
Oficina EN-103
Guatemala, Guatemala 01010
Teléfono (+502) 2338-7700 ext. 7849
Slides
