Approaches to Fostering Productivity Growth in Brazil, China and India

Productivity growth is a significant contributor to GDP growth, particularly to increases in per capita income. However, there is considerable ambiguity regarding how to measure the concept of technical progress, and consequently on policies that would foster productivity growth. Brazil, China and India, three important emerging economies, are seeking to foster productivity growth through encouraging innovation and technology transfers from the more developed economies. But given the ambiguities about how to encourage innovation and technology transfers, governments in these countries adopted a plethora of policies in the hope that the combination will be effective. This ambiguity can also be seen in the much slower growth of productivity in Brazil than China, even though Brazil has scored higher on the World Bank’s Knowledge Assessment Methodology.

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Author:Manmohan Agarwal, Yao Li, John Whalley
Series:CIGI Working Papers
Issue:47
Publisher:Centre for International Governance Innovation (CIGI), Waterloo, Canada