Productivity
in sentence
2837 examples of Productivity in a sentence
Of course, slowing
productivity
growth is not good for longer-term economic performance, and it may be among the forces holding back the United States as it approaches “full” employment.
With higher aggregate demand and more efficient use of existing human capital and other resources, economies could achieve a significant boost in medium-term growth, even without
productivity
gains.
None of this is to say that we should ignore the
productivity
challenge.
But the truth is that
productivity
is not the principal economic problem right now.
Old Methods for New DrugsPALO ALTO – Despite high expectations,
productivity
is frustratingly low in biopharmaceutical research and development.
Contrary to expectations, however, the increased efficiency implied by target identification has not increased
productivity.
The Nature Reviews article proposed that lower
productivity
partly reflects target-based discovery’s lack of consideration of the molecular complexities of how the drugs work.
Addressing the MMOA would contribute to reversing the low
productivity
of target-based discoveries, because merely knowing the identity of a part involved in a defect may not be sufficient to repair a malfunctioning machine.
And we know how to do that: accommodative monetary policy; fiscal adjustment in all advanced economies that includes concrete and realistic plans to reduce debt over the medium term, but does not undercut short-term growth; completing the banking-sector cleanup; and reforms to boost
productivity
and growth potential.
But economic growth, even in traditionally export-led economies, is driven by
productivity
growth, not by the ability to capture a growing share of global markets.
While imports must, of course, be financed by exports, the focus on trade competitiveness is drawing attention away from Europe’s underlying problem – very weak
productivity
growth.
Economies running external surpluses are regarded as “competitive,” regardless of their
productivity
or growth performance.
But if all firms cut wages simultaneously, the resulting weakness of overall demand undermines companies’ incentives to invest, in turn depressing
productivity
growth.
There is a very strong correlation between rising labor
productivity
and economic growth, which holds for countries with trade surpluses as well as those with deficits.
So the European Union’s rate of
productivity
growth, not the size of its trade surplus, will largely determine its economic prospects.
Unfortunately,
productivity
growth is declining across Europe, from around 3.5% annually in the 1970’s to barely 1% in the 2000’s.
And
productivity
growth has been almost as weak in the eurozone’s core as in its troubled periphery.
Governments throughout the EU should focus on raising
productivity
– not just in the most internationally exposed sectors, like manufacturing, but also in less tradable sectors, such as services, which now account for around two-thirds of economic activity.
Without stronger
productivity
gains there, economic growth will prove elusive.
But improvement presupposes diagnosing why Europe’s
productivity
performance, with a few notable exceptions, has been so bad.
Where this tendency is strongest,
productivity
levels are weakest.
The study’s findings led Annan to advocate for a “uniquely African green revolution” to increase farm productivity, and his plea later became the basis for the African Green Revolution Forum.
Africa’s small farmers can be integrated into agricultural value chains, but not without first increasing farm
productivity.
In order to ensure long-term stability, Asia must find new sources of growth, increase productivity, and improve efficiency.
Greater female participation in male-dominated occupations across the board would increase overall labor
productivity
by up to 25%.
Labor unions should negotiate with management about providing appropriate risk management to their employees in financial forms: the right kinds of insurance, options, and other investments to protect them realistically without guaranteeing their employment and without jeopardizing the
productivity
of the firm.
And Europe’s troubled economies have been slow to undertake structural reforms; improvements in competitiveness reflect wage and salary cuts, rather than
productivity
gains.
Shade trees, maize, and plantains are also being planted to help diversify incomes and increase
productivity.
Each new wave of technology increased
productivity
and access to knowledge.
But China has attained much higher GDP growth than the OECD economies, driven largely by the rapid
productivity
gains that characterize the initial “catch up” phase of emerging-market development.
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