AUGUST 2, 2004
EUROPEAN BUSINESS
Is Europe Suffering From Productivity Paralysis?
If it doesn't boost spending on tech, Europe will fall further behind
Why can't Europe be more productive? That's a question investors, executives, and politicians are asking with increasing urgency. Boosting labor productivity is the key to creating higher profits, improving living standards, and keeping prices stable. For decades after World War II, Europe kept pace or even surpassed the U.S. in productivity growth. But since 1995, Europe has trailed America in this vital metric. http://www.businessweek.com/magazine/content/04_31/b3894078_mz054.htm