Graph showing fall in productivity growth in the G7 economies

Low productivity puts Western economies at a crossroads

  • Low productivity growth has held back Western economies in the past decade
  • Poor educational systems, weak motivation and over-regulation have all been at fault
  • Inaction could cede a competitive advantage to the rest of the world, especially Asia

Economic growth is a relatively recent historical phenomenon. It began approximately in the 1820s in Great Britain and a few other Western countries, and for the next two centuries was an unmitigated worldwide success. During this period, world gross domestic product per capita increased by a factor of 13. Living standards rose to previously unimagined levels as purchasing power increased, working hours dropped, and working conditions improved all over the world. Despite rising income inequality, worldwide poverty has declined: the percentage of the world population living in extreme poverty dropped from 84 percent to less than 10 percent over this period.

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Professor Enrico Colombatto
There is a large mismatch between what technology offers and what the workforce can absorb
read more about it in the report
What's inside
  • Low productivity growth has held back Western economies in the past decade
  • Poor educational systems, weak motivation and over-regulation have all been at fault
  • Inaction could cede a competitive advantage to the rest of the world, especially Asia
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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