Productivity as an Engine Of Growth – Time For Latin America To Catch Up With The World

Dr. Olivia White – Senior Partner and Director of McKinsey Global Institute, McKinsey & Company

Key takeaways & next steps:

Median country productivity has surged globally, but Latin America lags behind due to stagnant growth. Boosting productivity is therefore essential for combating poverty and raising living standards within Latin America.
The region’s reliance on commodities and slow manufacturing growth hinders economic diversification and sustainability. Prioritizing infrastructure and knowledge creation can drive economic transformation and unlock growth potential.
Governments, businesses, and international partners must collaborate to address structural challenges and facilitate Latin America’s economic advancement.
With productivity key to economic growth and social progress, Latin America faces crucial decisions over the coming decades. Read a recent report by McKinsey & Company titled Investing in Productivity Growth, which underscores the critical role of investment in fueling productivity growth.

“Investment is absolutely critical as a key to unlocking productivity growth, especially within critical infrastructure investment projects.”