Category: 21. Global

All nations need a National Productivity Centre

An article by Lalin Fernandopulle in Sri Lanka’s Sunday Observer, headed ‘Productivity policy vital for economic growth’, promotes the worth of all nations having a National Productivity Organisation  Sri Lanka is the only APO (Asian Productivity Organisation) member country which does not have an NPO (National Productivity Organisation). Company director Sunil Wijesinghe says: “Setting up a …

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Protectionism ensures slower growth

Excerpts from an article in Forbes by Jeffrey Dorfman, a professor of economics at the University of Georgia. USA , follow Dorfman claims that tariffs help uncompetitive industries because: They put a penalty on imports in the form of a tax Domestic producers that would otherwise lose market share to imports are able to produce …

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NZ shows way for public sector productivity

The New Zealand Productivity Commission was asked by its Government to provide guidance and recommendations on measuring and improving productivity in public services, especially education, health, justice and social welfare which play an important role in promoting individual and community well-being The Commission interviewed multiple current and former senior state sector leaders, carried out case studies to …

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Communism versus Capitalism

Communism has been defined as a system where: People work according to their ability and receive according to their needs All big decisions are made at the centre All data is processed at the centre   Capitalism, on the other hand, is an alternative where: People are free to buy/ sell/ invest in whatever they like …

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UK works longer hours than EU

Of the 168 hours in any week, the average person works (on tasks she needs to be paid for) around 40 hours of that time An average worker’s hourly breakdown per week is guestimated to be 30% work-related/ 70% home related viz: 40 (24%) = Work 10 (6%) = Commute to/ from work 60 (35%) …

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