Govt action

National productivity

At national level, productivity improvement aims to get more goods and services out of the existing labour, indigenous and imported materials, and capital resources available It enables a nation to enjoy greater prosperity via higher wages, a stronger currency and a better standard of living for all It’s the best means available to fight price …

Global productivity

 At present, the rich G7 nations tend to look after themselves first and foremost Their focus is on getting richer – on increasing their own, already high, GDP and prosperity levels – they regard it as a disaster if GDP contracts by even 1% Meanwhile, relatively poor nations stay poor despite receiving considerable ‘overseas aid’ …