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Asia: The Productivity Imperative
Research Topic: Productivity and Competitiveness
Drawing on analysis from a wide range of industries, MGI has observed a telling dichotomy in the economies of India, Korea, Japan, and Thailand. While some industries and services are relatively efficient and productive, the vast majority aren't even close. What separates productive sectors and unproductive ones is clear: competition.
Chapter Summaries
MGI’s Perspective on Asia
Common challenges face India, Korea, Japan, and Thailand. MGI outlines the difficult choices policymakers in those countries need to make to solve their productivity problems.
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The Vital Role of Competition
A lack of competition hurts productivity. MGI compares performance in four key sectors – housing construction, retail, food processing, and telecom – across all four countries to show why.
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The Way Forward
There are plenty of success stories in Asia. MGI highlights a few of them and explains why those industries do so well.
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Productivity Backgrounds, by Country
MGI takes a look at how the economies of Japan, Thailand, Korea, and India got to be the way they are today.
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Slideshow
Exhibits detail key productivity issues.
Launch slideshow
Why the Japanese Economy is Not Growing
The stagnation of the Japanese economy is one of the greatest problems facing the global economy.
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Thailand: Prosperity through Productivity
Reforms aimed at boosting Thailand's overall productivity can reverse the dangerous downward trend in economic growth.
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Productivity-led Growth for Korea
A restrictive regulatory environment and poor governance practices have undermined growth.
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India: The Growth Imperative
Government regulations, combined with instances of benign neglect, have left India dressed for success with no place to go.
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How IT Enables Productivity Growth
IT investments can be effective when they have scale, use proven business processes, and apply past learning.
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