Only countries with very low labour productivity levels maintain strong growth
Countries (regions) can be grouped into three categories according to their productivity level: Countries with high labour productivity (e.g. the United States, the euro zone, the United Kingdom, Japan, South Korea, etc.); Countries with intermediate labour productivity levels (e.g. China, Southeast Asia, Latin America, Central Europe); Countries with low labour productivity levels (India, Africa). We see that only certain countries with the lowest labour productivity levels (India in particular) have maintained high productivity gains. Countries with intermediate productivity levels do not have higher productivity gains than countries with high productivity levels. This may be because countries with intermediate productivity level s have exhausted the productivity gains they could have made by improving their level of education or the quality of their infrastructure; it is also possible that population ageing is reducing productivity gains, and only countries with low productivity escape population ageing.