Sentences with phrase «high productivity economy»

This is not a result of domestic problems, but instead the result of a dynamic, innovative, high productivity economy.

Not exact matches

Although higher productivity in a given industry may reduce employment in that sector, the increase in total output and income across the economy will create new, better - paying, employment opportunities elsewhere.

After being elected in 2007 using the slogan «Work more to earn more,» Sarkozy inherited a nation with a sluggish economy, high unemployment, declining competitiveness and low productivity.

IMF Managing Director Christine Lagarde said Wednesday advanced economies could be about 5 percent higher today, if productivity had maintained its pre-2008 crisis trend.

High - speed rail is critical to improving a country's economy, boosting productivity, and increasing mobility.

«In the developed U.S. economy, unionized firms are able to use productivity enhancements to offset any higher costs associated with collective bargaining.»

The economy at that time benefited from much higher rates of productivity growth, which allowed employers to raise pay and hire more without having to lift prices.

And the Council of Economic Advisers announced that policies such as work flexibility «lead to higher labor force participation, greater labor productivity and work engagement, and better allocation of talent across the economy.»

The U.S. economy is fueled by abundant natural resources, a well - developed infrastructure, and high productivity.

These include the economy's lack of diversification away from the non-oil sector and high operating costs as a result of bureaucracy and a lack of competition, as well as low productivity due to relatively weak infrastructure and poor human capital development.

Government has often played a role in promoting performance - enhancing work practices to enhance overall economy - wide outcomes from higher productivity and innovation, such as the long history of agricultural extension services (since 1887) to spread information on best practices in farming, and employer education on safety practices conducted by the Occupational Safety and Health Administration.

The latter initiative is perhaps the most important, as technological innovation is so central to the country's goal to transition from low - end, labour - intensive manufacturing to a high - tech, productivity - led, consumption - based economy — and such a rich source of opportunities for investors.

Older people tend to have a lower demand for durable goods and a higher need for services in the labor - intensive, low - productivity segments of the economy like health care.

Perhaps the most exciting thing about this development is that it could lead to higher productivity growth for the entire economy.

But proponents of the deal point to gains in the overall US economy owing to higher productivity and lower consumer prices.

This higher rate of underlying productivity growth, if sustained, should enable the economy to grow at a higher average rate than was possible in the past.

«With minority businesses responsible for $ 400 billion dollars of the total United States economy, NMSDC's Centers of Excellence are designed to help reach higher productivity and profits.»

«With minority - owned businesses responsible for $ 400 billion dollars of the total U.S. economy, we hope our support of CATAPULT will result in higher productivity and profits for these companies.»

A democratic economy, in which appropriate technology is combined with high productivity and therefore with the possibility of increased leisure, is not utopian in terms of present possibilities.

We've arranged to produce more knowledge workers than we can employ, creating a labor - excess economy that keeps labor costs down and productivity high.

There remains the risk that robots may displace humans from jobs, although previous waves of automation have tended to lead to higher productivity and growth, with benefits throughout the economy.

8.2 achieve higher levels of productivity of economies through diversification, technological upgrading and innovation, including through a focus on high value added and labour - intensive sectors

Education is an investment in the future, leading eventually to higher productivity, better social outcomes and reduced spending on other public services; cuts to this budget are a false economy.»

But others have argued that the overall past success of the U.S. economy suggests that high - school math performance is not that critical for sustained growth in economic productivity.

Many have concluded that the productivity of the U.S. economy could be greatly enhanced if a higher percentage of U.S. students were proficient in mathematics.

«High - quality technical and further education is not only vital in opening up doors to young people in some of the hardest to reach areas of the country, it also helps local businesses get the skilled workforce they need to drive up the productivity and economic growth that our economy needs.

As Latin America comes down from a decade of growth based on exporting commodities at high world prices, it faces the next challenge: transitioning to a higher - productivity economy.

In a capitalist economy, profits are the reward earned by firms that maximize the quality of services and goods, minimize overhead and bureaucracy, motivate their workers to achieve high and consistent levels of productivity, and avoid unnecessary expenditures.

This increase in spending partially reflects that schools must compete to hire college - educated teachers in a labor market where well - educated workers command higher and higher salaries, but it also indicates that innovation and increases in productivity have occurred faster and been more effective in the broader economy than in the field of education.

This drives higher inflation and thus appreciation in the real exchange rate in the economy with faster - growing productivity.3

This begins with a vision of a high - productivity and high - wage economy.

The Access Legal Care «system» is based on 12 key components: 1) be profitable for the attorneys and legal - services providers; 2) apply the Pareto principle — focus on the 20 % of all legal services that 80 % of lower - and moderate - income people will likely ever need; then prune / refer - out those that are high - complexity / high - dollar (too risky) and contingency cases (already affordable); 3) process - map the remaining services into individual steps; 4) functionally - decompose each process step to the lowest - cost provider who can perform the step legally and with excellence; 5) streamline processes with Six Sigma and manufacturing principles; 6) centralize operations for economies of scale; 7) collaborate and out - source to expand reach; 8) leverage technology to minimize costs and maximize productivity; 9) make affordable with both terms and price; 10) generate high demand, high - volume; 11) develop multiple revenue streams; and 12) package up the system and re-sell it to other law firms and clinics.

Beyond pay and vacation time, benefits like flexible hours are key for a blossoming economy and high productivity.

Fiscal incentives to invest in training and technology, harnessing the power of our world - class universities, encouraging skilled migration to fill current skills gaps, investment in a strategic nationwide programme of skills development, including apprenticeships and even sharing insight from economies with higher productivity growth would all help.

Added to job shortages is an economy that's fueled mainly by productivity gains... so hiring managers are being asked to hit high goal numbers with small (or no) headcount increases.

When we are moving on to high returns and better economy, the productivity plays the crucial role in sustaining in the competitive era.

That makes continued productivity gains the big question mark, because it's been the vaunted productivity gains of the new high - tech economy that, in the view of many analysts, have inoculated the fast - growing economy against inflation.

But it remains at bay in part due to slack in the economy: high unemployment and continuing excess capacity with regard to business productivity.