Connecting the productivity challenge with development policies in Latin America and the Caribbean

How can Latin America and the Caribbean (LAC) overcome the challenge of low productivity levels and productivity growth in order to accelerate the achievement of the SDGs?
Productivity is a crucial element for the development of people and societies worldwide. Studies show that monetary income is one of the main determinants of wellbeing, with labour productivity being its primary determinant. In LAC, poor productivity has led to the last decade (2014-2023) to be worse in terms of economic growth than the infamous ‘lost decade’ of the 1980s.
Against this backdrop, UNU-WIDER and the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) partner for a discussion on the potential of productive development policies (PDP’s) to address this challenge.