January 4th 2006
The Power of Productivity. William W. Lewis
The Power of Productivity. William W. Lewis. 2004. ISBN 0226476766. So
you have read Freakonomics and The World is Flat. But you want
something with more meat in it to explain what is really going on in
Japan, Brazil, Africa, Russia, Iraq, Afghanistan, China, India and so
on. Just how important to our GDP is the high tech industry and wither
goes the West? How could we combat the rising terrorism and what is up
with the riots in France? What does this mean to Canada? Well this is
the book for you.
Lewis headed up the Mckinsey Global Institute which studied individual
country economies for twenty years through the lens of business sectors
and rated their comparative labor productivity. The results are eye
opening and make much of recent events understandable. Did you know
that you still can not get a mortgage in Brazil or Russia? That in
Japan there are only mortgages for new homes and they have no standards
for building houses? That in India most land title is in dispute? That
large retailers like Wal Mart can not make a profit in Russia, because
their competitors do not pay their electricity and tax bills? Or that
India “loses” almost 30% of its electrical power through theft? There is
lots more . A great read and one I guarantee you will not put down. All
the years of background reports are free downloads at www.mckinsey.com
(Global Institute section)
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