The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
Performance 2008: Productivity, Employment, and Growth in the World's Economies

Low productivity growth (under 2 percent) in the United States, Europe, and Japan in 2007 contrasts sharply with high growth (more than 8 percent) in the BRIC countries—Brazil, Russia, India, and China. Productivity levels in emerging economies are only 10 to 40 percent as high as those in the United States, but lower wages give them a competitive advantage, keeping their manufacturing costs at 20 percent of U.S. levels. Meanwhile, the spending gap between emerging and established economies in research and development and information technology is narrowing, reflecting newer economies’ commitment to competing based on innovation and not just cost.




Research Report (27 pgs)
Members: Sign in to see your special price (it may be complimentary!)
(Sign in to purchase)