The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability

The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability Featuring the author William W. Lewis, Director emeritus, McKinsey Global.
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Rather, the key to improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and protecting consumer rights.

The power of productivity : wealth, poverty, and the threat to global stability

As The Power of Productivity explains, this sweeping solution affects the economies of poor nations at all levels—from the viability of major industries to how the average consumer thinks about his or her purchases. Policies must be enacted in developing nations that reflect a consumer rather than a producer mindset and an attendant sense of consumer rights. Only one force, Lewis claims, can stand up to producer special privileges—consumer interests. The Institute's unprecedented research method and Lewis's years of experience with economic policy combine to make The Power of Productivity the most authoritative and compelling view of the global economy today, one that will inform political and economic debate throughout the world for years to come.


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He held several policymaking positions in the U. Departments of Defense and Energy and also served in the World Bank for four years earlier in his career. It had been asked before, and answered by looking at the big differences between nations: He made a point not to focus on export industries, like cars in Japan and software in India. This is a valuable book.

The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability

Lewis confirms much of the free-market canon, and in a way that the free-marketeers have generally not done and some of them refuse to do. They should read it. I was able to participate in much of the research, and I can report that I learned a lot about the sources of productivity in both the manufacturing and service sectors of modern economies.

Kingdom Wealth, The Power of Productivity

The obvious answers are only part of the story. Readers all around the world will see vital issues in a new light.

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Solow, winner of the Nobel Prize in Economics. Among the many authors of books on this subject, Bill Lewis has the big advantage that the governments of many major countries asked him and his colleagues to investigate their economies and to advise them.

His comparative perspective, consistent framework, and crystal-clear writing make this book a compelling read. It is also a delightful and surprising read: A Dual Economy 3.


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    • And how can we fix it? This book provides answers to these questions. The book draws on extensive microeconomic studies of thirteen nations over twelve years—conducted by the Institute itself—to counter virtually all prevailing wisdom about how best to ameliorate economic disparity.


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    • THE POWER OF PRODUCTIVITY: WEALTH, POVERTY, AND THREAT TO GLOBAL STABILITY;
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    • The Power of Productivity Quotes by William W. Lewis;

      • The research, which included studying everything from state-of-the-art auto makers to black-market street vendors and mom-and-pop stores, conclusively demonstrates that, contrary to popular belief, providing more capital to poor nations is not the best way to help them; nor is improving levels of education, exchange-rate flexibility, or government solvency enough.

      Rather, the key to improving economic conditions in poor countries, the book argues, is increasing productivity through intense, fair competition and protecting consumer rights. As the book explains, this sweeping solution affects the economies of poor nations at all levels. Don't have an account? Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use for details see www.

      The Power of Productivity Quotes

      University Press Scholarship Online. Publications Pages Publications Pages. Search my Subject Specializations: Classical, Early, and Medieval Plays and Playwrights: Civil War American History: Users without a subscription are not able to see the full content. The Power of Productivity: Lewis Abstract The disparity between rich and poor countries is the most serious, intractable problem facing the world today. More The disparity between rich and poor countries is the most serious, intractable problem facing the world today.