Saturday, 2 April 2016

Productivity secrets?

What are the secrets to productivity development at the national level?

Well, after many years experience in a range of countries, I would have to say "Don't ask me".

Thee is no panacea, no golden bullet.

If I had to offer any advice, it would be to ;

Get the macroeconomy right - reduce regulation, open up markets

Invest in infrastructure (especially communications - roads, ports, airports - and telecommunications)

Invest in skills  (basic, vocational and technical).

Be lucky!

What about at the level of the firm? - What should you be doing?

Well, 3 and 4 above are most important.  invest in the skills of your workforce - and be lucky!

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