Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
How One Small Country Solved the Productivity Paradox
Lucas and Luna dive into the surprising case of South Korea, which defied the global productivity slowdown of the 2010s by boosting output per hour worked by over 30 percent between 2010 and 2024. They unpack how Korea invested heavily in 'productivity engines' — from semiconductors to shipbuilding — while other advanced economies stagnated. The hosts examine the role of chaebol structure, the government's focus on manufacturing over services, and the trade-offs that leave Korea with the highest working hours in the OECD. Key figure: Korea's GDP per hour worked rose from…
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