Total Factor Productivity International Conference completed succesfully

May 1, 2018

An International Conference was held in Istanbul within the context of the “Support to Development of a Policy Framework for Total Factor Productivity in Turkey Project”, which is financed by the EU and the Republic of Turkey, implemented by the UNDP and with the Ministry of Development as the final beneficiary. Opening remarks of the conference were made by the Ministry of Development Deputy Undersecretary Hayri Maraşlığolu, UNDP Turkey Country Director Claudio Tomasi, EU Delegation to Turkey Counsellor François Begeot and Director of Central Finance and Contracting Unit M. Selim Uslu.

Total Factor Productivity Project is in its 3rd year

The Project, which was launched in 2015 and is being implemented to define the obstacles in front of economic efficiency and to determine the solutions, completed its 3rd year. At the International Conference held in Istanbul under the project, a road map was prepared for the reforms proposed. Besides, the Green Paper, which is a major output of the Project, was presented to the participants.

The conference, which was held on 28-29 March 2018 in Hilton Bosphorus Hotel, sought an answer to the question of “What should the government do to boost the performance of private sector in the 21st century?”. The conference brought together representatives from public & private sector, university and civil society.

Green Paper revealed to public

The Green Paper, which is the first version of the Project outputs, was revealed to the public during the conference. In the Green Book; a new perspective of an economic growth that focuses on TFP growth is said to be designed to take precautions against the negative situation observed in Turkey's productivity performance in recent years. It is also underlined that competitive strategies based on low wages, including the low-skilled workforce, have gradually lost their validity due to the accelerating digitalization trend in the industry (robots, 3-dimensional printers, smart factories, etc.)

 

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