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2002 OECD Economic Surveys: United Kingdom 2002

image of OECD Economic Surveys: United Kingdom 2002

This 2002 edition of OECD's periodic review of the UK economy examines recent economic developments, policies and prospects and includes special features on raising productivity and managing public expenditure.

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Raising Productivity to Enhance Potential Growth

Following the June 2001 general elections, the Government stressed that it would step up its efforts to raise productivity by pursuing policies intended to boost physical and human capital and to enhance the capacity to innovate. Despite progress in recent years, the United Kingdom continues to trail behind many other countries in terms of investment per worker and education spending per student (Figure 14), while productivity performance has remained disappointing.

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