![]() ![]() Of the slightly more than 350 million people that China will add to its urban population by 2025, more than 240 million will be migrants. Yet the expansion of China's cities will represent a huge challenge for local and national leaders. For companies in China and around the world, the scale of China’s urbanization promises substantial new markets and investment opportunities. By 2025, China will have 221 cities with one million–plus inhabitants-compared with 35 cities of this size in Europe today-and 23 cities with more than five million. In 20 years, China's cities will have added 350 million people more than the entire population of the United States today. If current trends hold, China's urban population will hit the one billion mark by 2030. ![]() While these barriers look formidable, the good news is that all of them can be tackled with the right policies, the research suggests.The scale and pace of China's urbanization continues at an unprecedented rate. MGI found five primary barriers to raising productivity in Brazil: the large informal sector, macroeconomic factors hampering investment, regulatory constraints, inefficient public services and the country’s infrastructure. What matters most are the remaining two-thirds of Brazil’s productivity gap. ![]() The research revealed that around one-third of the difference in productivity between Brazil and the US is due to structural factors inherent to Brazil’s stage of economic development, and these will work themselves out. The new analysis makes clear that the chief culprit for Brazil’s underperformance has been its failure to boost growth in labor productivity-the primary determinant of a nation’s GDP per capita. Together these sectors account for 37 percent of Brazilian employment and 46 percent of the country’s GDP. Building on a previous analysis conducted in 1998 and similar MGI studies undertaken in 16 other countries, MGI compared the performance of Brazil’s economy with that of the US in eight sectors-agriculture, automotive, food retailing, government, home construction, retail banking, steel, and telecommunications. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |