Explore the reasons behind the UK's lagging productivity and learn from Norway, Sweden, Denmark, and Japan. Delve into the poor communication and chronic underinvestment affecting UK growth. Understand how work culture and productivity differ in the UK, Japan, and the Nordics. Also, examine the impact of the pandemic on traditional hierarchical structures in Japan and explore alternative ways of working.
The lack of a unified narrative on productivity and minimal acceptance of outside help contribute to the UK's productivity problem.
The Nordic countries prioritize productivity and have compressed workdays, resulting in higher levels of productivity.
Deep dives
UK's lagging productivity
Productivity in the UK lags behind its European peers and worsened after the financial crisis. The French work four days but achieve the same as the British in five, emphasizing the productivity gap. The lack of a unified narrative on productivity within companies and minimal acceptance of outside help contribute to the problem.
Lessons from the Nordics
The Nordic countries, particularly Norway, Sweden, and Denmark, prioritize productivity and have compressed workdays to accommodate family responsibilities. By fostering a culture that revolves around productivity, they have been able to achieve high levels of productivity.
Japan's productivity challenges
Japan has struggled with low productivity, partially due to a focus on long work hours and a resistance to remote work or external assistance. While Japan's reputation as a high-tech nation suggests greater productivity, a delayed embrace of digitization and a hierarchical working culture have hindered efficiency.
The UK has a well-reported productivity problem, with mediocre managers, poor communication and chronic underinvestment all hampering growth. What can Britain glean from Norway, Sweden and Denmark, all of which have more productive economies? And what lessons can be learned from Japan, the only major, developed economy that is less productive than the UK? Host Isabel Berwick speaks to FT senior business writer Andrew Hill to find out what ails Britain. Later, she chats to Leo Lewis (the FT’s Asia business editor) and Richard Milne (Nordic and Baltic bureau chief) to learn how the UK could perform better (or worse…)
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Credits: Presented by Isabel Berwick, produced by Mischa Frankl-Duval, mixed by Simon Panayi. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s head of audio.