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It\u2019s been nearly a decade since the 2008 global financial crisis, and world economic growth rates are almost back where they were after a long, painful but instructive haul, and both developed and emerging economies have added a lot to their financial tool kits.\n\nThe International Monetary Fund predicts growth in developed countries will drop from the pre-crisis 2.2 percent to 1.5 percent, and in emerging economies from 7.5 percent to 5 percent between 2015 and 2020. \n\nWhile high unemployment, huge debt in developed countries, excessive debt of enterprises in emerging economies, and overcapacity are to blame, declining productivity is another major culprit.\n\nRead the transcript\nhttp://bit.ly/2z45gNb\n\nRead the blog post\nhttps://www.asiapathways-adbi.org/2017/09/what-are-the-policy-options-for-reversing-productivity-decline/ \n\nAuthor\nLi Xu is a research fellow at ADB\nhttps://www.adb.org/adbi/about/staff-profiles/li-xu\n\nKnow more about ADBI\u2019s research on productivity growth\nhttp://bit.ly/2gCi99o