The Power of Productivity
Poor countries should put their consumers first.
Editor’s Note: a very interesting article, this is actually an excerpt of the book, “The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability”.
Content: Article | Author: William W. Lewis | Source: McKinsey Quarterly | Subjects: Economics, International
The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability
Lewis, founding director of the McKinsey Global Institute and former partner at McKinsey & Company, offers a detailed look at the local economies in several parts of the world including the U.S., Japan, India and Brazil. Based on the Institute’s 12-year survey and analysis, Lewis concludes that the great economic disparity between rich and poor countries will ultimately have a negative impact on all nations. … [ Read more ]
Content: Book | Author: William W. Lewis | Subjects: Economics, International
India-From emerging to surging
In a decade, the country could more than double its gross domestic product per capita-but only if its government and people act quickly and decisively.
Content: Article | Authors: Amadeo M. Di Lodovico, Shirish Sankh, Vincent Palmade, William W. Lewis | Source: McKinsey Quarterly | Subjects: Economics, International – Asia
India – From Emerging to Surging
India’s gross domestic product is growing by an impressive 6 percent a year. But research by the McKinsey Global Institute has uncovered three barriers preventing the country’s GDP from growing even faster: myriad regulations governing products and markets, distortions in the market for land, and widespread government ownership of business. Thirteen policy measures could remove these barriers, allowing the economy to grow by 10 percent … [ Read more ]
Content: Article | Authors: Amadeo M. Di Lodovico, Shirish Sankhe, Vincent Palmade, William W. Lewis | Source: McKinsey Quarterly | Subjects: Economics, International – Asia