Those countries that adapt well to changing economic environments and embrace new developments are more likely to boast high productivity, according to think tank The Conference Board of Canada. During the crisis in 2008 and 2009, OECD productivity contracted by 0.1% and 0.3%, respectively. This reversed in 2010. Russia had one of the greatest global productivity rises in 2011 (4.2%), along with Poland (3.5%). In addition to examining growth rates, it is also important to consider actual productivity levels—Chile, Mexico and Russia ranked lowest for productivity in 2011—bringing in $20.40, $20.40 and $22.10 per hour worked, respectively.
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Labor Productivity Annual Growth Rate 2011 (%)
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With tensions between Japan and China escalating—and anti-Japan protests increasing in Beijing—over rights to islands in the East China Sea, is the dispute having a negative impact on trade?
* For Chinese products in Japan, 0% Yes