Lucia Foster, Chief Economist at the U.S. Census Bureau, examines the relationship between management practices and productivity in businesses. Through a comprehensive study involving data from 14 countries, Foster highlights how structured management practices—focusing on monitoring, targeting, and incentives—correlate with higher productivity and larger business scale. She discusses the persistent variations in management practices and their impact on business outcomes, emphasizing the importance of understanding these dynamics to drive economic growth and improve living standards.
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