Suddenly, economists (especially in the United States) began to measure substantial productivity gains.

The Advisory Committee was informed that considerable productivity gains had been achieved in the past three years.

Cost increases were limited by technological advances leading to productivity gains.

That encouraged investment spending, which in turn drove productivity gains and output growth.

Unit labor costs reflect compensation levels and productivity gains in productivity can offset the effect of wage growth.

In other words, many of the improvements reported below have generated productivity gains on both sides of the service encounter.

But, as the marginal productivity gains from such investment began to fall, senior managers survival and compensation continued to be tied to stock market performance.

Such efficiency gains from increasing the extent of the market and promoting specialization should have produced rapid growth in Mexican productivity.

While the agricultural sector has shown some productivity gains since 2000, high logistics costs have constrained its impact.

So is higher productivity the way out? Even assuming that governments could identify and implement structural reforms that yielded quick productivity gains, it is not clear that higher productivity leads to increased competitiveness.

98. Emphasizes that management restructuring should produce clearly defined gains in productivity and or economies

The long term success of the economy, and its capacity to build wealth and jobs, depends on productivity gains, which in turn depend on technical and organizational innovation.

Then a decade of nominal wage growth that out paced productivity gains led to a rise in unit labor costs, real exchange rate appreciation, and large current account deficits.

Today, capital in the developed world is abundant the saving ratio declines as people consume more and production shifts increasingly to services, where productivity gains are limited.

Efficiency gains

A decade of wage growth exceeding productivity gains led to real appreciation, loss of competitiveness, and large current account deficits.

Global competition has whipped many of the region s industries into shape and fostered significant productivity gains in advanced sectors, but these gains have remained limited to a narrow segment of the economy.

The idea that tax cuts would lead to productivity gains and would pay for themselves (and fix the budget) has proved entirely illusory.

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.

Efficiency gains

In a monetary union, discrepancies in wage growth relative to productivity gains that is, unit labor costs will result in a chronic accumulation of trade surpluses or deficits.

The developing world is not doing much better. As the International Labor Organization s latest Global Wage Report shows, wage gains are lagging far behind productivity growth.

No one can determine how much of America s productivity gains in recent years have resulted from squeezing human capital, because such things are not measured.

Financial Gain, Economic Pain

US productivity has been growing at a respectable pace for two decades. The problem is that productivity gains have not translated into commensurate wage increases for the typical worker or income growth for the typical family.

As a result, a significant proportion of past sector investments have not resulted in lasting benefits.

Africa s Eurobond Bonanza

There are rich opportunities for gains.

Outsourcing some operations also allows significant productivity gains ranging from 15 to 25 per cent, access to additional skills, and improvements in the quality of the services provided.

There are other areas of policymaking that, as they work their way into operations, can reasonably be inferred to produce productivity gains on an indirect basis.

Paying for Productivity

Production Opportunities

After all, the loss of competitiveness that led to large external deficits remains largely unaddressed, while adverse demographic trends, weak productivity gains, and slow implementation of structural reforms depress potential growth.

In short, internal adjustment in the eurozone is achievable without serious deflation in the south, provided that productivity growth there accelerates, and that the north does its part by encouraging modestly faster wage gains.

In 2005, colleagues of ours at the RAND Corporation projected that America could save more than 80 billion a year if health care could replicate the IT driven productivity gains observed in other industries.

Development strategies in a globalizing world economy, building productive capacities and international competitiveness, assuring development gains from the international trading system and trade negotiations and partnerships for development were key themes of the Conference.

The long term success of the economy, and its capacity to build wealth and jobs, depends on productivity gains, which in turn depend on technical and organizational innovation. Governments cannot just conjure that up by waving a magic wand.

(e) Unrealized exchange gains and losses

D. Transferring part of the peace dividends . 68 23

D. Transferring part of the peace dividends

We deceive to gain advantage, and to hide our weaknesses.

We deceive to gain advantage and to hide our weaknesses.

But we also have a straightforward political impact.

The Coming Productivity Revolution

Today s Productivity Paradox