Brazil's economic growth has stalled during the past
25 years. A McKinsey study proposes five groups of
priority measures aimed at removing barriers to
productivity. If implemented, these measures could lift
GDP growth to a sustained rate of 7 percent a year.
Brazil must tackle its huge informal economy, which
distorts competition; reduce high levels of government
consumption, which keep the cost of capital high;
improve the inefficient judicial system and other public
services; and develop an adequate infrastructure.
The fifth priority is to create a nationwide commitment
to a long-term economic vision and to ways of
implementing these measures. Read more on the McKinsey Quarterly site
Lean Russia: Sustaining economic growth through improved productivity Labor productivity in Russia remains low, but improvements have been promising. In five sectors – steel, retail, retail banking, electric power and residential construction – productivity stands now on average at 26 percent of U.S. levels in 2007. Read more
Fulfilling the potential of Latin America's financial systems Although the region's financial depth is low, Latin America could be on the verge of a breakthrough if policy makers continue reducing public debt and reforming the financial and legal systems. Read more
Assessing Brazil's offshoring prospects Brazil must address labor shortcomings and other issues if it hopes to capitalize on its considerable potential as an offshoring destination. Read more
How Chile can win from offshoring The country has already attracted the attention of multinational companies; now it must address its shortcomings to reach its offshoring potential. Read more
Developing Mexico's offshoring opportunity To take advantage of the growing global market for offshored services, the country must do more to improve the suitability of its workforce. Read more
