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Other reforms such as those that affect the labor, the product in the Services Market are likely to unfold positive results over the longerterm horizon. Yet they are essential to enhance productivity and innovation which in turn can be powerful antidotes to the impact of something that we cannot do anything about and that is affecting all of us beijing. Aging. We done a bit of research not so much on aging. Of the people can do that a little better that i but weve done research on Structural Reforms and weve try to flush out priorities and payoffs in the area of productivity growth Labor Participation entry. Let me take a break will put one after the other. Lets look at productivity growth. Reversing that decline in advanced economies requires lowering barriers to entry in products and Services Markets. Our research shows, for instance, that improving the allocation of labor and capital can significantly increase total factor productivity tsb as its called. Another example is the poten

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