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- W4206742922 abstract "No AccessJun 2021IntroductionAuthors/Editors: Alistair Dieppe, Gene Kindberg-HanlonAlistair DieppeSearch for more papers by this author, Gene Kindberg-HanlonSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1608-6_introAboutView ChaptersFull TextPDF (0.4 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Discusses the motivation behind the study of global productivity, summarizes the key findings and policy messages, and explores the implications of COVID-19 for productivity then provides a synopsis of each chapter and suggests a direction for future research. The COVID-19 pandemic has plunged the global economy into its deepest recession since World War II, as it strongly impacts the growth in labor productivity, the main source of lasting per capita income growth, which in turn remains the primary driver of poverty reduction. The implementation of critical reforms to enhance potential productivity gains as the pandemic recedes includes policies that (1) stimulate investment and improve human capital in order to raise labor productivity economy-wide; (2) facilitate the mobility and reallocation of resources toward more productive and more diverse sectors; (3) boost productivity growth at the firm level; (4) support measures to manage technology-driven labor market disruptions; and (5) build back better education and room for dynamic labor relocation. ReferencesAcevedo, S M, M Mrkaic, N Novta, E Pugacheva, and P Topalova. 2018. “The Effects of Weather Shocks on Economic Activity: What Are the Channels of Impact?” IMF Working Paper 18/144, International Monetary Fund, Washington, DC. CrossrefGoogle ScholarADB (Asian Development Bank). 2017. Asian Development Outlook: Transcending the Middle-Income Challenge. Manila: Asian Development Bank. 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CrossrefGoogle Scholar Previous chapter FiguresreferencesRecommendeddetails View Published: June 2021ISBN: 978-1-4648-1608-6e-ISBN: 978-1-4648-1609-3 Copyright & Permissions Related TopicsHealth Nutrition and PopulationInternational Economics & TradeMacroeconomics and Economic GrowthPoverty ReductionPrivate Sector DevelopmentSocial Protections and Labor KeywordsPRODUCTIVITYGLOBAL ECONOMYCOVID-19CORONAVIRUSPANDEMICSRECESSIONPER CAPITA INCOMESTIMULUS PACKAGESLABOR MOBILITYHUMAN CAPITALSKILLS DEVELOPMENT AND TRAININGLABOR POLICY PDF DownloadLoading ..." @default.
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