1. Empowerment enthusiasts are being spurred on by stories of remarkable productivity gains. 2. Indeed, if monetary relaxation succeeds in stabilising output, it should unlock sharp productivity gains which could finance higher import costs. 3. Meanwhile, the problems of stagnant wages, low savings and sluggish productivity gains will remain unsolved. 4. Some land reforms have embraced soil conservation as a sine qua non of long term productivity gains by land reform beneficiaries. 5. The only productivity gain that he can show for it is in the courts. 6. To the extent that spectacular productivity gains were being achieved through technological advance, a demonstration effect was present for later imitation and emulation. 7. Productivity gains on the new equipment allow such cuts without a fall in profits. 8. If mechanization was to yield less productivity gains however, then average productivity growth would slip back despite faster scrapping. 9. And earlier this month, Greenspan said the economy is close to price stability, driven by productivity gains understated by official government statistics. |