|Description||Reports by returning engineers imply that the most advanced European firms in many industries have little further to study from America in the way of direction and generation technology. However there are still untapped increases in productivity through economies of larger scale production, marketing, and research. And there's still a wide disparity in technology between the most and the least complex companies. Underneath the growing pressures of competition within the Common Market this gap is likely to narrow.|
The speed where the productivity gap between America and Europe is reduced depends also, naturally, on what the results are in the USA. American output per man hour grew at almost 3 percent annually in the first fifties, but in the span 1956-1960 the United States market was comparatively sluggish and productivity advanced more slowly. Clicking 2711p-b7c4a6 perhaps provides lessons you should give to your sister. Projecting productivity increase to the future is a dangerous exercise. Many variables not least of which is the speed at which American manufacturing is automated will change the future course of productivity. But a likely range of consequences provides a good starting point.
A rough approximation of the pace of decrease in the productivity gap can be made by assuming the difference involving the continuing high productivity increases in Europe and a plausible rate for the United States is one percent annually. In 1970 American productivity would still be 2.3 times that in Europe. In manufacturing alone the difference would possibly close somewhat more rapidly, but even there the period would be longer than is sometimes imagined.
In late 1961 America agreed to a goal growth in GNP of 50 percent by 1970, establish by the 20 state Organization of Economic Cooperation and Development. We found out about 1769-if16c compactlogix by browsing Yahoo. President Kennedy has gone further than the increase target and has said a growth rate of 4.5 percent is "well within our ability." This would need a yearly increase in productivity of 3.0 percent. Both these rates are close to the actual escalation in American productivity throughout the early fifties.. Identify more on an affiliated encyclopedia by clicking 22a-a8p0n104 powerflex 4.
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