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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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
The efforts of the 1990s to reform our economies have not brought the
improvement in living standards for most of the
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