Productivity in Brazil is topic of FGV debate
In order to propose actions to help boost productivity in Brazil, FGV’s Brazilian Institute of Economics (IBRE) and the World Bank held the seminar titled ‘The Productivity and Employment Agenda’ on March 9, in Rio de Janeiro. The goal is to discuss the two reports recently published by the Bank, analyzing the obstacles hindering the development of Brazil’s economy.
The document ‘Emprego e crescimento: a agenda da produtividade’ [Employment and growth: the productivity agenda] breaks down the evolution of productivity in the country and points out the conditions to build a better business environment. The report ‘Competências e empregos: uma agenda para a juventude’ [Skills and jobs: an agenda for youth] assesses the job market and the qualifications of Brazilian workers. Both reports also share alternatives for the country to move forward with this agenda.
The event was attended by the World Bank’s Director for Brazil, Martin Raiser, the Dean of IBRE, Luiz Guilherme Schymura, and experts from the government, academia, and the private sector. According to the IBRE researcher and one of the event’s coordinators, Fernando Veloso, discussing this topic is crucial, because the demographic bonus – increasing the job market share of working-age citizens – will peak at the end of this decade.
“Productivity will be essential for economic growth. Instead of hiring more people, we will have to streamline the production capacity of professionals in the job market”, said the economist.
According to Veloso, higher productivity can yield other benefits to Brazilians, besides economic growth. “People also benefit from the fact that gains in productivity mean lower prices, greatly impacting the population’s well being”, said Veloso.
Tribute to researcher Regis Bonelli
The event will also be marked by a tribute to the researcher Regis Bonelli, who passed away in December last year. With a degree in Engineering from PUC-Rio and a PhD in Economics from University of California – Berkeley, Bonelli dedicated his career to studying industrial and economic development in Brazil. He coordinated IBRE’s Macro Bulletin, where he arrived in 2008; he was a member of the CODACE (Business Cycle Dating Committee) and co-organizer of a few books, such as ‘Anatomia da Produtividade no Brasil’ [Anatomy of Productivity in Brazil], published in 2017 by Elsevier.
The meeting will be held at FGV’s main office (Praia de Botafogo, 190, 12th floor Auditorium, Botafogo) on March 9, from 9 a.m. to 12 p.m. Go to the website for more information and to register.