5 Results |
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The indicators identified in the analysis of the business environment, resources and innovation process chapters all contribute to economic success.� However, performance ultimately needs to be judged by results.� This section looks at five indicators that measure how successful the UK has been in terms of achieving competitiveness in the knowledge driven economy:
Output
per head �
the best measure of overall economic performance.
Labour
productivity �
the most important determinant of prosperity.
Employment
�
a successful and sustainable economy should be able to provide employment
for its workforce.
Trade
specialisation
� the UK�s trade performance can indicate the extent to which we are
specialising in knowledge intensive activities.
Composition
of output
� analysis of how the structure of the UK economy is changing shows the
extent to which the increased use and importance of knowledge is being
reflected across the economy as a whole.
�
Last updated on 12 March 2002