Back of the envelope calculations show that at the current stage of our economic development, as a worker moves from agriculture to other sectors, his/her productivity increases by nearly a factor of five. 22. Productivity improvement entails better managing factors of production as well as factor productivity.
Klaas Knot: The road ahead - lifting barriers for cross-border payments Speech by Mr Klaas Knot, President of the Netherlands Bank, at the FINSYS commemoration of Professor Benno Joseph Ndulu on “Realizing a Cross-Border Payment Vision for the Advancement of the African Continental Free Trade Area (AfCFTA)”, virtual, 22 February 2022. * * * Hello everyone.