The quote is by Paul Krugman, a Nobel Prize winning American economist. He went on to say, “A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker”.
Oroson’s CEO Daniel McGlade was recently invited to join a BBC panel discussion on productivity.
Listen to BBC Radio Ulster’s Inside Business presenter Wendy Austin interview Daniel along with Andrew Webb, chief economist at Grant Thornton Northern Ireland, Marie Lindsay, principal of St Mary’s College and Joan McCoy, from the Federation of Small Businesses and director of White Ink Architects.
Great Britain is lagging behind its competitors in terms of productivity and Northern Ireland lies a further 20% behind them. This is despite the fact that Northern Ireland is ahead of the curve in terms of entrepreneurial activity. So, what is the problem here and how do we fix it?
The panel discusses the factors surrounding productivity, our productivity challenges and how we can address these.