Citation
(2006), "New boys do well", International Journal of Productivity and Performance Management, Vol. 55 No. 7. https://doi.org/10.1108/ijppm.2006.07955gab.003
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
New boys do well
The ten new European Union member states in central and Eastern Europe delivered a spectacular acceleration in labour productivity growth in 2005, according to the Conference Board (available at: www.conference-board.org/). On average, the EU 10 increased labour productivity growth rate from 4.1 per cent in 2004 to 6.2 per cent in 2005.
Most of the EU 10 showed an improvement in productivity growth, with Poland, Hungary and Slovakia registering the most marked increases. Poland’s productivity level is now higher than South Korea’s, it said.
In contrast, most countries in the developed world, including North America, Western Europe and developed Asia experienced a slowdown in productivity growth in 2005, with rates in the 1.5 to 2 per cent range.