Jane Bourke writes that a recent OECD report – “The Future of Productivity” – presents a new perspective on what drives national productivity growth. The OECD explains that in every world economy there are some ‘frontier firms’, which are internationally competitive and match global high standards in productivity. However, the majority of firms – up to 80 per cent – are not in this category. These firms may have a more domestic market orientation, and much lower average productivity and the OECD calls them ‘non-frontier firms’.
Timothy Taylor writes the report argues that slower productivity in high-income countries is not because cutting-edge firms are slowing down in their productivity growth, but rather because other firms aren’t keeping up. To put it another way, productivity growth isn’t diffusing across economies.
Chiara Criscuolo writes that the slow productivity growth of the “average” firm masks the fact that a small cadre of firms are experiencing robust gains. Timothy Taylor writes that the evidence of Figure 11 below suggests that the possibilities for productivity growth haven’t slowed down, but that large parts of the economy are having a harder time putting the practices that lead to faster productivity growth into effect.
The President of the Center for International Relations and Sustainable Development (CIRSD), Vuk Jeremić delivered a lecture at ADA University, Azerbaijan’s top-tier educational institution entitled "Geopolitics of the Balkans and How it Relates to the Caucasus”.
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Vuk Jeremić lectures at the Diplomatic Academy in Vienna
At the invitation of the Diplomatic Academy in Vienna, one of the most prestigious and oldest schools on the European continent, CIRSD President Vuk Jeremić delivered a lecture entitled “(Geo)politics of the Balkans: The Revenge of History”, on February 7th, 2023.
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Prof. Sachs: “Sanctions against Russia ineffective and contrary to international law”
CIRSD had the privilege to host one of the world’s brightest minds and most famous economists – Prof. Dr Jeffrey Sachs in a live discussion titled "The winter of Our Discontent".
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Central Asia: The Age of Reform
The Center for International Relations and Sustainable Development (CIRSD) co-organized a conference on December 7, 2022, titled “Central Asia: The Age of Reform” at the Diplomatic Academy of Vienna, one of the most prestigious and oldest (1754) schools in Europe.
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