Connecting the Productivity Challenge with Productive Development Policies in Latin America and the Caribbean
Productivity is a crucial element for the development of people and societies worldwide. Studies have shown that monetary income is one of the main determinants of well-being, with labor productivity being its primary determinant. In LAC poor productivity has led to the last decade (2014-2023) to be worse in terms of economic growth than the infamous ‘lost decade’ of the 1980s. Against this backdrop, UNU-WIDER and the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) partner for a discussion on the potential of productive development policies (PDP’s) to address thi…