Global productivity

•  At present, the rich G7 nations tend to look after themselves first and foremost

• Their focus is on growth and getting richer – on increasing their own, already high, GDP and prosperity levels – they regard it as a disaster if their own GDP contracts by under 1%

      N.B. GROW = Rest of World Group

• Meanwhile, relatively poor GRoW nations stay poor despite receiving considerable ‘overseas aid’

• Thus the gap between rich and poor nations widens

• Such gaps also arise within nations – even the rich G7 have many poor citizens and struggling businesses

• There the rich are getting richer whilst the poor, and many of the middle classes, are getting poorer

• Plainly, this is wrong