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Address by the Director-General of the United Nations Industrial Development Organization

Carlos A. Magariños
Annual Meeting Boards of Governors of the IDB and the IIC
Milan, Italy. March 24th-26th

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Has the region acquired the discipline to measure progress in reform programs from the standpoint of productivity, as the advanced countries do? Let us agree on this: that productivity is, in the end, the true yardstick for judging the success of those programs and their potential for translating into development with equity.

The efforts of the 1990s to reform our economies have not brought the
expected improvement in living standards for most of the population. When wages are very low and close to subsistence levels, the workings of the political system and the behavior of the electorate are affected. It is therefore essential to pay closer attention to measuring, monitoring and improving standards of productive performance.


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March 30, 2003

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