INCREASING PRODUCTIVITY, JOB CREATION AND INCLUSION FROM THE BOTTOM-UP
10th-11th April 2017 | Prague, Czech Republic
REGISTRATION IS OPEN!
Productivity and inclusion – towards new ‘win-win’ solutions
OECD economies have been experiencing a slow-down in labour productivity growth for two decades, a trend which has now spread to emerging economies. It is driven by a range of structural problems including a breakdown of innovation diffusion from leading to lagging firms and regions, barriers to entrepreneurship and business dynamics, skills mismatches and limited skills formation.
At the same time, OECD economies are facing rising inequality. This combines poor income and employment outcomes for low-skilled workers with a surging ahead of top incomes. The OECD work on the Productivity-Inclusiveness Nexus suggests that these two trends may be intertwined, as inequalities in income, education, training, access to jobs and access to innovation stand in the way of productivity growth whilst poor productivity catch up increases inequality. This calls for policy makers to adopt a broader, more inclusive, approach to productivity growth that considers how to expand the productive assets of an economy by investing in skills, entrepreneurship, employment opportunities, and innovation diffusion to lagging firms and regions.