Fancy that if only we could go back to our labour productivity yearly progress level of the 80’s, namely 2.5 %, we would gain each year around 1.2 % of growth knowing that our present average yearly level is 1.3 %...  24  See G Schwerdt and J Turunen (2005): “Growth in euro area labour quality”, ECB Working Paper Series, No 575, January 2006.
Sheikh Saoud Bin Saqer Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah (May Allah protect him) for his kind presence and patronage of this conference. Thanks extend to his brothers, their Highnesses Sheikhs, for their sincere efforts, wishing Ras Al Khaimah more progress and prosperity.