1、March 2024Jan MischkeChris BradleyMarc CanalOlivia WhiteSven SmitDenitsa GeorgievaInvesting in productivity growthCopyright 2024 McKinsey&Company.All rights reserved.Cover image Westend61/Getty ImagesMcKinsey Global InstituteThe McKinsey Global Institute was established in 1990.Our mission is to pro

2、vide a fact base to aid decision making on the economic and business issues most critical to the worlds companies and policy leaders.We benefit from the full range of McKinseys regional,sectoral,and functional knowledge,skills,and expertise,but editorial direction and decisions are solely the respon

3、sibility of MGI directors and partners.Our research is currently grouped into five major themes:Productivity and prosperity:Creating and harnessing the worlds assets most productively Resources of the world:Building,powering,and feeding the world sustainably Human potential:Maximizing and achieving

4、the potential of human talent Global connections:Exploring how flows of goods,services,people,capital,and ideas shape economies Technologies and markets of the future:Discussing the next big arenas of value and competitionWe aim for independent and fact-based research.None of our work is commissione

5、d or funded by any business,government,or other institution;we share our results publicly free of charge;and we are entirely funded by the partners of McKinsey.While we engage multiple distinguished external advisers to contribute to our work,the analyses presented in our publications are MGIs alone

6、,and any errors are our own.You can find out more about MGI and our research at Directors Sven Smit(chair)Chris Bradley Kweilin Ellingrud Sylvain JohanssonOlivia White Lola WoetzelMGI Partners Michael Chui Mekala Krishnan Anu Madgavkar Jan Mischke Jeongmin Seong Tilman TackeContentsAt a glance 1The