- U.S. productivity growth rate slows to 1.8 percent
Though still healthy compared with many other developed nations, the United States labor productivity growth rate slumped to 1.8 percent in 2005, down from 3 percent in 2004, according to New York- based The Conference Board, a New York-based global business research and membership organization. The Conference Board produces The ......
- The year the Earth moved
HEADNOTE The world has enjoyed an impressive spurt in gross global productivity over the past 12 months. Although a slower 2005 is expected, David Ross predicts that growth will still be respectable It's estimated that the global economy grew by 5 per cent in 2004, its fastest rate since 1973....
- A visual essay: international labor market comparisons
International comparisons of labor market and competitiveness indicators, as well as Gross Domestic Product (GDP), provide a snapshot in time of the world economy. The first 3 sections of this visual essay include charts covering 12 selected countries in North America, Europe, and Asia, although not all countries appear on ......
- Overseas Wages Not Always Worth It
The comparative cost advantage of taking a business to low-wage countries such as China or India, where unit labor costs in manufacturing are 20% lower than in the US, are often not the bargain they seem when wages are adjusted for low productivity, according to a recent report by the ......
- The Politics of Productivity
As the statistics below indicate, the most recent economic news is encouraging. However, U.S. manufacturing industries and employment continue to face significant systemic challenges. Excerpted, The New York Times , January 4, 2004: Economic growth soared at an annual rate of 8.2 percent in the third quarter of 2003, and ......
- China: lots of promise, plenty of
risk.
With China's recent entry into the World Trade Organization, many companies have been banking on China as their next big market. The boom in investment, accompanied by unparalleled growth in gross domestic product, can be very persuasive: Some estimates show that growth in fixed investment in certain Chinese sectors has ......
- Risk premia and the world economy.
In 2006, global output, measured in terms of purchasing power parities, expanded by 5.4 per cent, the fastest rate of growth since 1973. Despite a higher oil price and the recent rise in global long-term interest rates, we expect world growth to remain above 5 per cent this year, ......