� Results |
� |
The
indicators identified in the analysis of the productivity drivers all contribute
to economic success.� However,
performance ultimately needs to be judged by results.�
This section looks at indicators that measure how successful the UK has
been in terms of achieving competitiveness in the knowledge driven economy:
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Macroeconomic stability � macroeconomic
instability��
����������� affects�business�confidence and can have a negative��
����������� effect� on
investment� and long term planning decisions.
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�������
Output per head � the best measure of
overall economic
������������
performance.
��������
Labour
productivity � the most
important determinant
����� of� prosperity.
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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.
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������
Quality of life � a goal in itself but
also a key
����������� determinant of�
economic� performance in a globalised
����������� economy where
attracting� key knowledge
workers is an
����������� important factor in competitiveness.