Productivity
in sentence
2837 examples of Productivity in a sentence
We agree that the single-minded pursuit of competitiveness is turning Europe into a zero-sum, beggar-thy-neighbor game, but disagree about how to bring about the large-scale investment needed to support
productivity
improvements.
As a result, developing countries face a stark choice: take advantage of new technologies to stimulate economic growth and enhance
productivity
or fall even further behind as businesses and consumers in rich countries increasingly embrace digital advances.
Closing the US-Europe Technology GapIn the second half of the 1990's, Europe's average annual growth rate of
productivity
amounted to 0.7%, while the US hummed along at 1.4%.
However, if we distinguish between the industries that produce information and communications technologies (ICT) and those that are simply users of such technologies, we can see that the
productivity
growth gap stems almost entirely from the weakness of Europe's ICT producing sector.
Annual
productivity
growth in sectors that are users of ICT technologies averaged 0.63% in the US between 1995 and 2000, and a very similar 0.41% in Europe.
And with that data, the algorithm develops sophisticated models of
productivity
that far surpass our commonsense intuitions.
Exploiting these opportunities will require trillions of dollars in investment, radical improvements in productivity, and the government’s firm, sustained commitment.
It will also require large improvements in
productivity.
Saudi Arabia’s
productivity
growth has lagged behind that of most other G-20 countries, rising by just 0.8% in the past decade.
Jump-starting
productivity
growth will require reworking the kingdom’s restrictions on business and labor practices.
That will have to change if the economy is to raise
productivity
and modernize its non-oil sectors.
The culprit in this pessimistic view is the so-called "Balassa-Samuelson" effect: rapid
productivity
growth in the accession candidates' tradable sectors - export manufacturing, for example - is pushing up real wages throughout their economies, including in non-tradable sectors like services.
This overall rise in real wages in the face of lower
productivity
growth for the service sector boosts relative prices and keeps inflation above the eurozone average.
The third component, or “arrow,” of Abenomics – structural reforms – aims to restore growth by raising
productivity.
NSE treats modern economic development as a process of continuous structural change in technologies, industries, and hard and soft infrastructure – all of which increases labor productivity, and thus per capita income.
A good rule of thumb for the average growth rates of the G-7 countries would be to attribute about one percentage point in
productivity
gains to the growth rate of the working-age population.
Specifically, the G-8 leaders should commit to providing adequate financing for the Global Fund to Fight AIDS, Tuberculosis, and Malaria; to raise food
productivity
in Africa through a new Green Revolution; to ensure that all poor children have the opportunity to go to school; and to ensure that poor people everywhere have access to clean drinking water and sanitation.
And, indeed, even after 30 years of reform, China’s economy remains bound by red tape, which drags down
productivity
considerably.
It calls for enhancing agricultural productivity; upgrading value chains; exploiting local, regional, and international demand; strengthening technological effort and innovation capabilities; promoting effective and innovative financing; stimulating private participation; and improving infrastructure and energy access.
An agribusiness development strategy focused on higher-value output and stronger
productivity
growth throughout the value chain represents one of the best opportunities for rapid and broad-based economic growth and wealth creation in Africa.
In India, the service sector has not only led overall economic growth, but is also characterized by higher labor
productivity
than in the industrial sector.
Indeed,
productivity
growth in India’s service sector matches
productivity
growth in China’s manufacturing sector, thereby reducing poverty by enabling wages to rise.
Over the medium term, wages depend on productivity, which in turn depends crucially on higher-quality education and training for the poor, which Latin American countries certainly need.
The first industrial applications of the dynamo began in 1890, but one needed to wait some thirty years before seeing the effects of that then “new technology” on the
productivity
of enterprises.
Once this transformation took place, however, rapid growth in
productivity
followed fast.
The research conducted so far by Fed economists shows that a long time has also been needed for the impact of computers to be felt in measurable improvements in
productivity
for the entire American economy.
Indeed, so long was this lag that some economists and business leaders came to have doubts about whether information technology would have any effect on
productivity.
Recent data on productivity, which grew at a pace of nearly 5% in the third trimester of last year, shows that, for many American companies, much of these difficulties are already things of the past.
Doing so would not only improve productivity, competitiveness, and business results over time.
It may look counter-intuitive, but Europe's falling
productivity
and shrinking workforce signal even tougher times ahead and strengthen the case for an EU that is more efficient, as well as more democratically responsive.
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