The Economic Commission for Latin America and the Caribbean (ECLAC) says it will launch the second edition of its Panorama of Productive Development Policies in Latin America and the Caribbean 2025 report on Thursday.
It said that the publication not only reiterates the need to scale up and improve these policies to drive the productive transformation required for the region and escape the low-growth trap in which it is mired, but also sets forth specific ways to achieve it.
The report will be presented by ECLAC’s Executive Secretary, José Manuel Salazar-Xirinachs, and Marco Llinás, Director of the Division of Production, Productivity and Management.
The report provides for a diagnostic overview of productivity in Latin America and the Caribbean, including data on labour productivity per worker, per hour, by sector, by firm size, and by territory, among other key indicators. It also examines recent experiences in productive development policies across the region.
It also delves into three complementary strategic dimensions, namely science, technology and innovation (STI) policies; cluster initiatives and other forms of productive coordination; and green and inclusive productive development policies.
In addition to analysing the region’s situation in each of these areas, the report provides a series of recommendations on how countries and subnational territories can strengthen and scale up their productive development policies to foster the needed transformation.
To overcome the low-growth trap, ECLAC said the report underscores the urgent need to redouble efforts to promote the productive transformation of regional economies through productive development policies that can boost productivity and enable higher, sustained, inclusive and sustainable growth.