Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
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Context<br />
Economic growth is the accumulation and expansion in the<br />
production <strong>of</strong> goods and services <strong>of</strong> a jurisdiction, industry or<br />
enterprise on a sustainable and renewable basis<br />
→ Development is the extent to which the standard <strong>of</strong> living<br />
and quality <strong>of</strong> life <strong>of</strong> the citizenry, in general, is <strong>of</strong><br />
acceptable international standard and is sustainable<br />
through equal opportunities to education, health, work<br />
and recreation, etc.<br />
→ Productivity is the extent to which input resources are<br />
managed and manipulated to add value<br />
→ Productivity growth and competitiveness are the bases on<br />
which the standard <strong>of</strong> living and general social and<br />
economic well being are ensured.<br />
Productivity & Competitiveness (Global Competitiveness Report<br />
2008-9)<br />
Competitiveness: the set <strong>of</strong> institutions, policies, and factors that<br />
determine the level <strong>of</strong> productivity <strong>of</strong> a country.<br />
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