By United Nations
This record represents an empirical and analytical survey of the discount rates and funding weather within the monetary and Social fee for Western Asia (ESCWA) area. It does this via evaluating and examining the stipulations within the ESCWA area to a bigger team of constructing economies. the current factor makes a speciality of productiveness.
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Additional info for Analysis of Performance And Assessment of Growth And Productivity in the Escwa Region
A sufficient level of capital deepening is necessary for the country to secure technical efficiency gains leading to an improvement in labour and total factor productivity. More physical capital investment, with more up-to-date equipment, is needed in the non-oil sectors of Saudi Arabia and Oman. In spite of the impressive performance in productivity growth, capital deepening in the non-oil sector of Oman stagnated in the 1990s. This may result in a lower productivity performance in the future.
Another possible thrust for the ESCWA region is the launching of a productivity movement. The productivity movement had its origins in Europe in the 1950s, and sought to bridge the productivity gap between firms in Western Europe and the United States. The movement stressed cooperation between business, labour and government for the goal of productivity growth. The emphasis was on human resource effectiveness and efficiency improvement in quantity as well as quality at firm level. National productivity organizations served as national focal points for a Europe-wide productivity movement.
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