Source: International Monetary Fund – IMF (video statements)
Productivity is the foundation of prosperity. Technological breakthroughs, globalization, and financial innovation have lifted productivity over the past half century, yet these advances have disrupted pathways to prosperity for the middle-class, and widened income gaps between groups and regions. More recently productivity growth has remained stubbornly weak—slower gains in total factor productivity account for more than half the deceleration in economic growth since the global financial crisis.
Today, further transformations in digital technologies and artificial intelligence hold the promise of another leap in efficiency—but without the right policy frameworks, these advances risk deepening existing divides. This seminar will explore how to ensure that the next wave of innovation translates into broad-based growth where people and regions share in the productivity dividend.