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segunda-feira, maio 16, 2005

The world economy has moved into a higher gear over the past decade with productivity growth almost doubling compared with the previous five years

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Rapid growth of output per employee in China and India, combined with improved productivity growth in north America, eastern Europe, the Middle East and Africa drove the world economy forward, according to a report published today by the Conference Board, a global business organisation.

Only in Europe and Latin America has productivity growth slowed. Annual productivity grew by 2 per cent between 1995 and 2003, a rise from a growth rate of 1.1 per cent between 1990 and 1995.

“An intensification of the competitive process is doing good to most regions of the world,” said Bart van Ark, a professor at the University of Groningen in the Netherlands and one of the authors of the report.
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FT.com / International economy - Europe falls behind world productivity

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