What is the level of labour productivity in middle-income countries?

Middle-income countries can boost productivity in 4 ways Productivity Challenges INNOVATION Middle income countries: 3 4 LOW-COST LABOUR How to move up the value chain away from a low-cost labour-driven to an innovation-driven growth path? Agriculture Industry Services Diversifying into higher value-added sectors especially in middle-income countries with rising wages and/or rich in natural resources internal capabilities to innovate produds and tapping foreign knowledge through global trade and FDI processes Innovating by using global knowledge and developing domestic capabilities from from INSIDE OUTSIDE inadequate regulatory environment lack of skills Reforming products, labour and financial markets, and developing skills Innovative business is often constrained growing middle classes growing demand for services Fostering competitive service sectors Services can increase manufacturing competitiveness and export earnings Designer: Margherita Gagliardi margheritagagliardi.tumblr.com Diversifying Innovating -- - - - - Reforming Markets Fostering Services Sectors