{"product_id":"tides-of-change-e-igniting-productivity-growth-in-europe-and-central-asia-e-paperback","title":"TIDES of Change (E): Igniting Productivity Growth in Europe and Central Asia (E) - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eGianmarco Ottaviano\u003c\/b\u003e (Author), \u003cb\u003eAna Cusolito\u003c\/b\u003e (Author), \u003cb\u003eIván Torre\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eEurope and Central Asia (ECA) stands at a critical juncture. After the global financial crisis, growth slowed sharply, overwhelmingly due to a collapse in productivity, while capital and labor contributions remained steady. Efficiency gaps now loom larger than capital gaps, with the widespread misallocation of labor and capital-- exacerbated by stalled reforms, weak market contestability, and the drag of underperforming state-owned enterprises-- holding back convergence. Drawing on a novel dataset of more than 40 million firm-level observations across sectors and countries, TIDES of Change: Restoring Prosperity Through Productivity shows that removing distortions could raise aggregate productivity by 30- 85 percent, with especially large gains in less advanced economies. The payoff is substantial: faster wage growth, more and better jobs, and a restored path to higher living standards. The report sets out a practical path to reignite convergence by riding the TIDES of higher productivity-- Trade, Investment, Digital, Efficiency, and Skills. It calls for reconnecting to dynamic markets and cutting trade costs; anchoring quality FDI and amplifying spillovers; turning connectivity into intensive digital use; leveling the playing field and unleashing reallocation; aligning talent and driving a lifelong upskilling. With limited fiscal space, first-best reforms and targeted support must be paired with stronger institutions that embed productivity at the core of national strategies. The central challenge in the region is not a lack of capital or connectivity, but their effective use.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 182\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.64 x 10.48 x 7.81 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 16, 2025\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52394716070162,"sku":"9781464822872","price":57.02,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/llDp9f8iYL9781464822872.webp?v=1781790852","url":"https:\/\/ckbookstore.net\/products\/tides-of-change-e-igniting-productivity-growth-in-europe-and-central-asia-e-paperback","provider":"CK BOOKSTORE","version":"1.0","type":"link"}