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World Labor Productivity Growth Improves; Asia Continues to Lead the World, The Conference Board Reports.

Publication: PR Newswire
Publication Date: 01-JUN-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, June 1 /PRNewswire/ -- Worldwide labor productivity growth is improving, despite political and economic crises in Asia and Russia, and significant economic slowdowns in Europe, according to a report by The Conference Board.

Global labor productivity growth was 1.8% for the 1995-2002 period, up from only 1% in the first half of the 1990s. But the rest of the world's productivity level relative to the U.S. is just 21%. This translates into per capita income amounting to only just 19% of the U.S. level.

The Conference Board report is based on a comprehensive and regularly updated statistical database that now covers 97 countries. It includes more...

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