Productivity
in sentence
2837 examples of Productivity in a sentence
Rome was an agrarian society with low economic
productivity
and a high level of internecine strife.
By boosting productivity, increasing returns on investment, and facilitating technological adaption and innovation, South Korea’s abundance of well-educated workers has served as the foundation for its export-oriented development strategy.
For example, female university students are much more likely to study humanities than the so-called “STEM” subjects (science, technology, engineering, and mathematics) – key drivers of
productivity
gains, innovation, and economic growth.
As
productivity
increased, salaries and living standards rose.
Moreover, by the end of the next decade, information and communication technology (ICT) will drive economic growth and power
productivity
gains.
Even more popular is the supply-side recommendation of a shift from extensive to intensive growth – that is, from a model based on capital accumulation to one propelled by gains in efficiency, measured by total factor
productivity
(TFP).
A conservative assessment by Louis Kuijs, working with the World Bank, shows that, from 1978 to 1994, China’s GDP grew by an average of 9.9% annually, labor
productivity
increased by 6.4%, TFP rose by 3%, and the capital-labor ratio increased by 2.9%.
In the period from 1994 to 2009, annual GDP growth averaged 9.6%, labor
productivity
increased by 8.6%, TFP increased by 2.7%, and the capital-labor ratio rose by 5.5%.
In the absence of some miraculous improvement in
productivity
growth of the same order as the Internet or globalization, the world can expect a lengthy period of low growth and exceedingly difficult fiscal consolidation.
In addition, a range of civil-service reforms are needed to improve flexibility and increase productivity, while health and education programs require greater cost effectiveness.
Lifelong effects can include delayed cognitive development, lower productivity, and increased vulnerability to certain diseases.
Since 1964, two key forces have fueled exceptionally fast GDP growth: the expansion of the labor supply, driven by rapid increases in population, and steady
productivity
gains.
According to a report by the McKinsey Global Institute (MGI), the average annual GDP growth rate of 3.5% in the 19 member countries of the G-20 (not including the European Union) and Nigeria owes about 1.8 percentage points to labor and 1.7 points to
productivity.
Even if
productivity
continues to rise at the same rate, global GDP growth could slow to just over 2% annually, on average – a 40% drop from the last 50 years.
What the world really needs to do is accelerate
productivity
– not at a modest pace, but at the economic equivalent of warp speed.
Just a little further out on the
productivity
frontier are commercially viable self-driving cars and trucks.
Because the biggest opportunities lie in spurring faster
productivity
catch-up by adopting and diffusing today’s best practices, politicians must keep pushing to reduce trade and regulatory barriers to market integration and competition.
In particular, small landholders need new tools that enable them to increase
productivity
while establishing more sustainable production methods.
In some places,
productivity
per hour – or the rate of its growth – was among the highest in the world.
It artificially creates – as in France – socially homogenous poor neighborhoods where the unskilled live among themselves, disconnected from others, making it harder for them to benefit from the agglomeration economies that would boost their
productivity.
Varieties that are tolerant to drought and flood can not only increase productivity, but also can prevent soil erosion and desertification.
The false hopes raised by cutting taxes would have diverted policy makers away from fundamental reforms that are necessary if the Continent is to achieve the dynamism on which high rates of innovation, abundant job creation, and world-class
productivity
depend.
The related emphasis on productivity, innovation, pruning excess capacity, and moving up the value chain in manufacturing and services are underscored as key building blocks of this effort.
Likewise, China’s inefficient state-owned enterprises – whose return on assets is only 30-50% that of private-sector companies – need to be overhauled as part of a broader agenda to boost
productivity.
(Admittedly, the Spanish labor market reforms enacted earlier this year may start to lift employment and improve competitiveness and growth on the economy’s tradable side, which is constrained largely by low productivity, not weak demand.)
Inflation is bad for growth and
productivity.
It is the result of enormous corporate re-structuring over the past several years, which increased labor productivity, and of German trade unions’ willingness to accept modest wage increases.
Taxing intermediate inputs will hurt efficiency, while shifting resources away from dynamic high-tech sectors in favor of old-line manufacturing will depress
productivity
growth, with further negative implications for investment.
The resulting addition of more than two billion “life years” represents a significant amount of human productivity, creativity, and uncompensated contributions to families and society.
Without it, the region will not be able to overcome its low levels of
productivity
and competitiveness.
Back
Next
Related words
Growth
Labor
Economic
Which
Would
Gains
Increase
Countries
Their
Investment
Higher
Economy
Economies
Boost
Workers
Wages
While
Could
Capital
Years