News Desk
ISLAMABAD: The productivity of Polish and Vietnamese workers increased about to five and eight times faster than that of Pakistanis in the last 30 years, a study revealed.
The average Pakistani worker produces 40% more value-added today than thirty years ago. The average worker in Poland produces 187% more and the average worker in Vietnam produces 328% more than three decades ago.
The productivity growth of workers practically impacts their income and if a country is generating low production, it means that the workers and people are less-fortunate.
How Vietnam increased productivity?
Throughout the 1990s, the economic structure of Vietnam was not all that different than Pakistan’s. It largely imported textiles, agricultural goods, and some minerals. But it has diversified its exports including mobile phones, electronics, semiconductors, and computers in it. This is why the average productivity rate in Vietnam increased.
How Poland increased productivity?
The Polish productivity increase is also linked to economic integration. Deep integration of the country with the European Union (EU), first as an associated state in the early years of 1990s and then as a full member of the bloc in 2004 has been a main driver in narrowing the productivity gap with its more advanced trading partners. Lower investment and trade barriers also helped in this regard.
But Pakistan has only seen stagnation in its economic system throughout these long years.
