BEI Presentation Business Education Initiative

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BEI Presentation(Business Education Initiative)

• By Ruairi McKeegan

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BEI Presentation

• Q.
• Why cant Europe be more productive? Why is the
  USA doing better?

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BEI Presentation

• Still sweating the economy? Rest easy,
  productivity, the closest thing to superman from
  the economy has burst from the phone booth to
  initiate a rescue.
• www.usatoday.com Jones and Hanson

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Top 5 Reasons

• Information Technology Design
• USA Vs. EU Lifestyle
• Spending
• Laws
• God

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(1) IT RD

• The U.S is a just do it society, whereas
  Europe has more of a lets think about it
  society.
• Roger Fulton, analyst in British Office of IT
  researcher, Gartner Inc, (IT).

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(1) IT RD (cont.)

• Q. How much of the total GDP is attributed to
  the I.T sector?
• A.
• USA 2.3
• Germany 1.5
• France 1.3 - McKinsey Co.

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(2) USA Vs. EU Lifestyle

• Strikes 1992 2001 Average Work Hours/Year

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(2) USA Vs. EU Lifestyle (cont.)

• All this is the real reason that the American
  economy has surged ahead of its European
  competitors. It is not about efficiency. It is
  simply that Americans work more.
• - Niall Ferguson, The New York Times

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(3) Spending

• Credit Card Spending source Wall St. Journal
• Spending from 1990 2000 measured in constant
  dollars per household
• Source Asia times online

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(4) LAWS

• Loans
• In Belgium, people can only borrow as much as
  about 1600, unless they sign a lengthy written
  contract and their bank scrutinizes their debt
  history.
• Marcus walker Wall St Journal

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(4) LAWS (cont.)

• Over the past few years, vending machines
  offering milk, cereals and toilet paper have
  sprung up on Parisian streets to meet a demand
  that shops cannot.
• Wall Street Journal

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(5) GOD

• In the recent Gallup Millennium Survey of
  religious Attitudes, 49 of Danes, 52 of
  Norwegians and 55 of Swedes said God did not
  matter to them. In North America by comparison,
  82 of respondents said God was very important.

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Conclusion

• Top 5 Reasons again

• IT RD
• USA Vs EU Lifestyle
• Spending
• Laws
• God

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Conclusion (cont.)

• In general it appears that the USA, spends more
  of its budget on IT and RD, the general public
  add to the economy by working more hours, they
  also spend their money rather than save it, laws
  allow money to be given out easily in terms of
  credit cards and the people have a church going
  work ethic which could be related. Combined,
  these are the reasons for increased productivity.

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Thank You for Your Time

• Ruairi McKeegan