Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
Why Portugal's Decriminalization Boosted Economic Productivity
In this episode of The Productivity Podcast, Lucas and Luna explore a surprising driver of national productivity: Portugal's 2001 drug decriminalization. They dig into the data showing how shifting from a criminal-justice to a public-health approach reduced incarceration costs, lowered absenteeism, and increased labor-force participation by nearly 3 percent. Lucas breaks down the specific numbers: a 40 percent drop in drug-related deaths, a 17 percent reduction in infectious disease rates, and an estimated 0.5 percent annual GDP growth dividend from reduced stigma and better health…
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