Japanese Productivity
Quote:
Originally Posted by XS904
Another very good observation, in the uk sector too much emphasis is put on quantity and efficiency over quality.
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Thanks.
I have been reading this observation about the Japanese economy, which is quite astounding when considered fully:-
"it is not remarked often enough that, in terms of its working age population, Japan's growth has outpaced that of many of its advanced economy peers, not least the United States. On that basis, in 2000-07, Japan grew at a cumulative rate of 15%, almost twice as fast as the United States (8%) - the reverse of what headline growth rates show (10% and 18%). The difference is even bigger if the post-crisis years are also considered."
The "crisis" referenced therein is also called the "Great Financial Crisis" in the source document (below) i.e. that which occured in 2007-08.
Abstracted from: Is the unthinkable becoming routine?
__________________
Dave
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