THE CHALLENGE LIES IN CREATING OPPORTUNITIES FOR WORKFORCE.
Economic growth originates from two main sources. The first lies in getting more people to work and putting in more capital while the second is associated with enabling our workers to produce more efficiently, which means increased productivity. Since there are limits to the amount of additional labour and capital that can be used, improved productivity is the key to long-run growth. With the recent debate on trends showing falling productivity levels across developed nations gaining momentum, emerging economies are now presented with a call to make significant improvements in productivity levels to sustain progress.
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