Navigating Productivity in a Changing World

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This chapter examines the effects of de-globalization on productivity, revealing how supply chain reconfiguration may entail higher costs while offering safeguards against volatility. It discusses the influence of energy prices on productivity, the impact of aging populations on market dynamics, and the flow of knowledge across sectors. Finally, the chapter addresses the complexities of measuring productivity in public versus private sectors, emphasizing management's critical role in achieving efficiency.

Leading economist Chad Syverson speculates about the ingredients in productivity’s secret sauce.

In this episode of the McKinsey Global Institute’s Forward thinking podcast, co-host Janet Bush talks with Chad Syverson. Syverson is George C. Tiao Distinguished Service Professor of Economics at the University of Chicago Booth School of Business. His work focuses on the interactions between firm structure, market structure, and productivity.

In this podcast, he covers topics including the following:

Why productivity is important
How the world economy is doing on productivity
What major themes of our age, from the path to net zero to trade fragmentation and aging, could impact productivity
The potential role of AI to change the game for productivity
How productivity growth is diffused

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