Productivity
in sentence
2837 examples of Productivity in a sentence
In principle, with a healthier financial system, Japan’s economy would have had more flexibility to meet these challenges to its
productivity
growth.
But New Deal economic policies, by expanding the role of the state in an often chaotic and unpredictable fashion, probably also played a role in at least temporarily impeding
productivity
growth.
For better or for worse,
productivity
trends are very difficult to extrapolate, depending as they do on hugely complex interactions of social, economic, and political forces.
If the relevant conditions are satisfied, North Korea could capitalize on the “catch-up” effect, boosting growth further, because its low per capita income level would help to increase investment
productivity
and facilitate technology transfer from more developed economies.
In fact, growth in total factor
productivity
has been slow since the early 1970s.
Over time, as businesses have cut back on investment in response to diminishing returns, growth in labor
productivity
and hourly wages has slowed, and workers in many households have dropped out of the workforce.
And they are placing a high priority on investments in critical areas, including education, basic health care, and increased agricultural
productivity
– the building blocks of a self-sufficient and prosperous future.
Indeed, eliminating such barriers could raise labor
productivity
an estimated 25% in some countries.
And while it would be nice if one could magically bring about
productivity
increases, the island’s real problems call not so much for supply-side reforms as for increased demand.
Even if a bump in the economic data does arrive, it may not last, unless the Trump administration advances policies that enhance longer-term productivity, through, for example, education reform, apprenticeship programs, skills training, and labor retooling.
Domestic industries are also hampered by weak
productivity
growth, inadequate labor-market efficiency, and the gulf between the country’s chaebols (family-owned conglomerates) and smaller firms.
What South Korea needs are policies to improve service-sector productivity, strengthen SMEs, and increase labor-market efficiency.
With investment and proper management, wastewater can become a sustainable source of wealth for many Africans, with added benefits for human health, agricultural productivity, and environmental sustainability.
The answer explains the unusual consensus among economists, for “technology” is measured as a kind of “none of the above” category, a residual – Nobel laureate Robert Solow called it “total factor productivity” – that remains unexplained after accounting for other production inputs, such as physical and human capital.
At a time when sluggish global growth and falling commodity prices demand rapid
productivity
growth, Latin America’s economies cannot afford to be hobbled in this way.
Continued low interest rates allow unsuccessful companies to struggle on, slowing
productivity
growth; asset-price rises exacerbate inequality; and monetary stimulus works only by reigniting the private credit growth that generated the debt overhang in the first place.
The primary culprits are
productivity
growth and limited demand, which cut the share of nonfarm employees in manufacturing from 30% in the 1960s to 12% a generation later.
Rather, countries must take control by drastically improving efficiency and
productivity.
That means investing in education and building incentives to increase
productivity
through changes in products, processes, or organization.
Structural deflationary pressures in the developed countries – such as highly debated increments of
productivity
in the United States – help the central banks to maintain price stability, which means that growing exports and high terms of trade have been accompanied by reasonably low interest rates.
Unit labor costs fell in Germany and other parts of the core (as wage growth lagged that of productivity), leading to a real depreciation and rising current-account surpluses, while the reverse occurred in the PIIGS (and Cyprus), leading to real appreciation and widening current-account deficits.
The bitter medicine that Germany and the ECB want to impose on the periphery – the second option – is recessionary deflation: fiscal austerity, structural reforms to boost
productivity
growth and reduce unit labor costs, and real depreciation via price adjustment, as opposed to nominal exchange-rate adjustment.
The “h-index,” for example, attempts to measure the
productivity
and impact of a particular scientist using citation data – and it has become a kind of currency.
While debt might be a problem for Chinese companies with excess capacity and low productivity, companies in fast-growing, productive sectors and regions may not be in too much trouble.
More generally, China has made recent progress in boosting labor productivity, encouraging technological innovation, and improving service quality in key urban areas, despite severe financial repression and inadequate access to funding by small and medium-size private enterprises.
The key will be to encourage the reduction of bad debts and increases in the stock of safe assets, while taxing excess capacity and encouraging innovation, thereby improving total factor
productivity.
At that time, one had to be careful, given the government’s sensitivities, even about how one framed the country’s problems – its poverty, lack of rural productivity, and unskilled workforce.
As wages grew faster than
productivity
in the run-up to the crisis, competitiveness also suffered, and domestic demand became the main engine of growth.
But, while such competition would reveal new global scarcities, it would also bring higher prices, thereby encouraging producers to increase yields and
productivity.
Second, and simultaneously, donors should help impoverished countries to invest in roads, ports, rural electricity, and diversified production (both agricultural and non-agricultural), in order to promote higher
productivity
and alternative livelihoods in the longer term.
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