Measuring the UK's international performance
Article Abstract:
There are several ways of measuring the UK's economic performance and competitiveness relative to other countries. The traditional method is to use per capita gross domestic product at purchasing power parity: this 'prosperity league' shows that the UK has fallen from 13th place in 1979 to 18th place in 1994. However, the index of competitiveness gives a better guide to future economic performance: the World Economic Forum's index attaches great importance to public finances and labour market flexibility, and therefore ranks the UK 15th in 1996, up vs 18th in 1995.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1996
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Research and Development performance: how UK companies compare internationally
Article Abstract:
The biggest 300 United Kingdom companies increased their spending on research and development (R and D) by less than the increase in their sales in 1996, according to the Department of Trade and Industry. There is concern that UK companies are not investing enough in R and D, since such investment contributes to growth and profits. A case study of an Italian company, Candy Elettrodomestici, highlights the UK's low labor costs which may deter investment. UK labor costs are lower than those of Italy, but productivity is also lower.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1997
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Recent Japanese economic performance: some lessons for the UK economy?
Article Abstract:
Japan's economy has often been presented as an example which the UK would do well to follow. However, closer analysis indicates that the Japanese economy has not always performed very well, especially in recent times. It is very hard to compare economic data for two very different countries, and it is now becoming widely accepted that the speed of technology transfer in the modern world means that no one country will enjoy economic supremacy for very long.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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