A Quote by Zanny Minton Beddoes
Many European countries and Japan need to free their labour markets and liberalise services to boost productivity growth.
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In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.
U.K. aid spending in India is that it ensures that we are able to work with our partners to develop their markets, business and enterprise, to boost labour standards and rights and, ultimately, to boost the incomes of the poorest which, in the long term, boosts demand for British goods and services.
Through trade reforms, Latin American countries can boost their competitiveness in markets for goods and services.
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets.
We must continue to liberalise the single market, cut red tape and basically create a digital single market. We have not completed the single market yet, there is not sufficient free movement of goods, labour, services and money. We have to keep on working at that against all the protectionist tendencies that we have right now.
Most trade agreements arise from a desire to liberalise trade - making it easier to sell goods and services into one another's markets. Brexit will not.
If we boost productivity, we can improve economic growth.
A firm, for instance, that does business in many countries of the world is driven to spend an enormous amount of time, labour, and money in providing for translation services.
However in countries outside of Japan I think game music is still a potential growth market that has not yet developed to the extent that we are seeing in Japan.
There are many issues in the global economy in general and in the western economy as well: population ageing, drop in labour productivity growth rates. This is obvious. The overall demographic situation is very complicated.
Look, there is parliamentary democracy in most European countries, there is parliamentary democracy in Japan, there is parliamentary democracy in many countries, but in the United States, for some reason, the State is organized differently, there is quite a stringent presidential republic.
Many of the countries outpacing the United States in the deployment of high speed Internet services, including Canada, Japan and South Korea, have successfully combined municipal systems with privately deployed networks to wire their countries, .. As a country, we cannot afford to cut off any successful strategy if we want to remain internationally competitive.
During the 1960s, and again in the 1970s, growth in manufacturing productivity in the United Kingdom was the lowest of all the seven major industrial countries in the world. During the 1980s, our annual rate of growth of output per head in manufacturing has been the highest of all the seven major industrial countries.
Of course each citizen should try to educate him or herself, but only after receiving some essential, basic blocks of knowledge. Formal education should always be free; from kindergarten to PhD. It is free in many European countries, and in several Latin American ones (including Cuba, Mexico and Argentina). China is returning to free education, as it is returning to universal health care. In countries like Chile, people are on the streets right now fighting for free education, and they are winning!
Zero-hours contracts are a low proportion of the workforce; they provide a route into employment and flexibility for staff. They benefit business, consumers, and taxpayers by keeping costs down, and they boost productivity, allowing the efficient use of labour.
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.
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