All nations want to increase their productivity. This makes them more competitive, brings rewards for citizens and allows society to develop.
The problem is that no-one is quite sure how it can be achieved.
There seem to be as many solutions (or strategies) as there are nations.
Is there a simple answer?
No! It is right that each nation tackles the problem from their own context and their own starting point.
Beyond that there will be obvious similarities - build a macroeconomic environment that supports small businesses, build transport and technology infrastructure, educate and train the workforce, support innovation - all simple in principle but not quite a simple in practice, especially when scaled up to national level.
However, at least (and at last) we are seeing positive efforts to address the issue of productivity.
Let's hope at least some of them work - for all our sakes.
The problem is that no-one is quite sure how it can be achieved.
There seem to be as many solutions (or strategies) as there are nations.
Is there a simple answer?
No! It is right that each nation tackles the problem from their own context and their own starting point.
Beyond that there will be obvious similarities - build a macroeconomic environment that supports small businesses, build transport and technology infrastructure, educate and train the workforce, support innovation - all simple in principle but not quite a simple in practice, especially when scaled up to national level.
However, at least (and at last) we are seeing positive efforts to address the issue of productivity.
Let's hope at least some of them work - for all our sakes.
Posts
No comments:
Post a Comment