What is required is an increased focus on reforms in product and labour markets, an environment more conducive to increasing investment levels (particularly in the private sector), and better-quality education outcomes which are more consistent with the future needs of the economy.
The main characters that address the issue of raising productivity are of course people of the private firms. For such efforts, the Bank is and will be of service through creating a stable economic and financial environment. Thank you. BIS Review 101/2009  5