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The Economic Times: A World Bank economist shows how to create the right jobs for a country
26 November 2018
This report draws conclusions globally. For India, we understand there's been a lot of progress on improving allocative efficiencies. For many policy makers the next frontier is some of the capabilities which are internal to the firm, like management, for instance. There is a well-known study by Nick Bloom and colleagues which has found that for even medium to large sized firms the quality of management can oftentimes be poor. But very simple things can make long lasting differences in productivity. Starting to think more about how we can help firms improve their own capabilities is an agenda that globally is getting more attention and empirical traction.