Linking productivity to Sustainable Development
Oliver Paddison () and
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Oliver Paddison: Macroeconomic Policy and Financing for Development Division, ESCAP
No PB40, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
While economic growth and productivity growth have been declining in the Asia-Pacific region, which is worrying as both are critical for development, especially if the region wants to shift to a development model that is driven more by domestic demand rather than excessive reliance on exports, the Sustainable Development Goals provide a critical entry point to strengthening productivity and thus economic growth. Indeed, while strengthening productivity will contribute to the success of a number of the Sustainable Development Goals, investing in their achievement will also nurture productivity growth, creating a virtuous cycle between sustainable development, productivity and economic growth.
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