- Tapa blanda: 368 páginas
- Editor: University of Chicago Press; Edición: New ed (21 de octubre de 2005)
- Idioma: Inglés
- ISBN-10: 0226476987
- ISBN-13: 978-0226476988
- Valoración media de los clientes: Sé el primero en opinar sobre este producto
- Clasificación en los más vendidos de Amazon: nº513.454 en Libros en idiomas extranjeros (Ver el Top 100 en Libros en idiomas extranjeros)
The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability (Inglés) Tapa blanda – 21 oct 2005
Descripción del producto
"Lewis... offers a detailed look at the local economies in several parts of the world including the U.S., Japan, India and Brazil.... This is an insightful treatment of a complex issue that deserves a wide readership." - Publishers Weekly "Lewis's focus on competition - in retailing and much else besides - has serious implications for development economics.... Unlike so many other management consultants-turned-author, Lewis writes with clarity and serves up his data and anecdotes in easily digestible portions.... On the whole he makes his case both persuasively and engagingly." - Hugo Restall, Wall Street Journal"
Reseña del editor
The disparity between rich and poor countries is the most serious, intractable problem facing the world today. Chronic poverty affects more than the citizens and economies of these nations; it threatens global stability as the pressures of immigration become unsustainable and rogue nations seek power and influence through extreme political and terrorist acts. For decades, a vast array of international institutions has pumped billions of dollars into these nations in an attempt to remedy their ills through the development of technological infrastructures, educational systems, and health care programs. Yet despite this infusion of capital and attention, roughly five billion of the world's six billion people continue to live in poverty. What isn't working? And how can we fix it? "The Power of Productivity" provides powerful and controversial answers to these questions. William Lewis, director emeritus of the McKinsey Global Institute, draws on extensive microeconomic studies of thirteen nations - conducted over twelve years by the Institute itself - to counter virtually all prevailing wisdom about how best to ameliorate economic disparity. The key to reducing economic inequalities between rich and poor countries, argues Lewis, is productivity and its links to competition and consumption. Diagnosing problems and offering solutions, "The Power of Productivity" will inform political and economic debate throughout the world for years to come.Ver Descripción del producto
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And that's for one of the richest countries in the world. For the countries without resources, landlocked or with boiling ethnic/religious strife even the best policies will do little good.
Easterly Elusive quest for growth might be the most realistic read why the things are as they are.
I think Lewis is pretty much misguided about macro-economic issues (I think the reason that there were so many international crisis in 1998 was because of the Fed's mistakes in monetary policy causing the dollar to deflate), and he believes Jared Diamond's arguments about why Western culture has been so successful (Diamond is not a master of logic, and ignores or discounts other possible explanations, such as are presented in IQ and the Wealth of Nations), and Lewis makes mistakes in the way he averages productivity across sectors (you really need to look at absolute productivity in some way for averages to be meaningful), but it is still an excellent book because of the compelling case he makes for competition driving productivity increases, and the way he lays out the barriers to productivity growth in different nations.
I also wish he had spent more time explaining why higher productivity makes everyone better off. He does cover this to some extent, but not with the power that it deserves.
Still, 5 stars because the good stuff is outstanding.
Similarly, the descriptions of the problems of the Brazilian economy with its underground economy and formal economy is also very illuminating. Large rconomy of scale businesses competing with informal off the books busninesses. Since the off the books businesses pay lousy wages and pay no taxes they can compete with the larger businesses which have economies of scale. Mr Lewis also points out how the sector which does compete within the legal rules have a very heavy tax burden which retards growth. The legacy of hyperinflation, a well known
phenomenon in South America also means that obtaining a mortgage is impossible, houses must be paid for cash on the barrelhead, as nobody will take a 30 year risk on inflation there.
Mr Lewis's book has chapters on representative economies from all over the world. Japan, Russia, Korea, India, Western Europe,
Brazil are included. The only place of high interest which is not included is China. Regardless, the information contained is fascinating.
I also gained some new insights from this book and perhaps a bit of new respect for certain sectors. I must say Mr Lewis makes some very interesting points which have certainly increased my regard for the retailing and service sectors of an economy by pointing out some of the low tech manners in which they have innovated to increase productivity. He also shows how inefficient certain other economies are because they dont allow foreign competitiors to operate in retailing in their economies and the dramatic inefficiencies created as a result.
Overall I rate this as one of the best books I have read in a long time.