Contrary to a widespread impression, the recent uptick in America's productivity raises more questions than it answers.
Garnaut said federal-state relations were blocking productivity raising reforms in transport, health and education and urged reform of the "dysfunctional federal system".
Neil Carberry, director of employment and skills at the Confederation of British Industry, says that most companies affected will have to increase productivity, raise prices and reduce staff levels.
Such findings, not coincidentally, are consistent with economic theory, which holds that trade and specialization are win-win propositions, enhancing everyone's productivity, raising everyone's incomes and boosting economic growth everywhere.
Trade also helps economies to specialize, increase their resource productivity, raise aggregate output, create jobs, generate income and relax foreign exchange restraints.
Financial inclusion is a top priority for policymakers, regulators and development agencies globally - being viewed as a pivotal way to stimulate productivity, raise living standards, unleash entrepreneurial energy and reduce economic inequality.
It was Klausner's uncanny productivity that raised the most eyebrows.
Rising productivity can raise living standards in the long run.
Trade leads to the transfer of knowledge and greater productivity, which raises wages.
Productivity measurement raises issues and highlights changes, but it does not tell the whole story.
