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Special Economic Zones are eating up fertile land, and a lack of qualitative research and development facilities at agricultural institutions has slowed productivity.
Some of it may reflect the fact that in boom times firms work employees harder; that will disappear in a downturn.As GDP growth has slowed, productivity growth has also eased, from an annual rate of 6.1% in the second quarter to 3.3% in the third quarter.
From lost costs associated with absenteeism and slowed productivity to dealing with potential on-the-job accidents that could occur from having one too many during a lunch meeting or another drink-related outing, a company can suffer.
Similar(56)
But will these be enough to turn around the UK's slowing productivity problem?
Other factors could be at work as well, like slowing productivity.
It is a decline that stunts entrepreneurship, hinders workers' mobility and slows productivity growth.
Slowing productivity means that companies cannot offset rising wages with higher earnings.
Beijing has now instituted an anti-corruption campaign that some worry may slow productivity.
But working alone can be lonely, and a lack of structure can slow productivity.
In the seventies, Europe, like the U.S., was hit by high oil prices, high inflation, and slowing productivity.
But Wal-Mart is not doing so well just now: sales growth is slowing, productivity and profits are falling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com