Saturday, June 18, 2005
I just read an article on productivity and how central it is in getting out of the poverty trap. It is an interview of William Lewis, the author of the book The Power of Productivity. The article is very very interesting and I believe dovetails nicely with some recent work by the World Bank on the importance for developing countries to foster a good investment climate. I plan on reading the book. The article is a bit long, but it is well worth your time. I found the section on Japan especially interesting (Why does the US have a GDP per person over 30% higher then Japan?). The article also talks about Wal-Mart and other similar stores and their effect on the economy.