Production and innovation

Although the context of economic crisis experienced during the biennium calls for careful attention to macroeconomic variables, it is also important not to disregard a long-standing problem hindering the development of the region: low rates of productivity growth and a widening gap in productivity with respect to developed economies. ECLAC strongly believes that productivity growth is one of the cornerstones of sustainable economic development. For this reason, the Division has devoted considerable effort to strengthening the capacity of Governments to formulate and implement policies and strategies to enhance the productivity and competitiveness of their countries’ production structures.

Related Subject(s): United Nations