Delicate because the tolerances the team were working to were tiny just a few millimetres either way.

The Chinese have grasped the hidden key to Japan's success in the 1970s and 1980s.

For employees to develop, they must be imbedded in a stimulating workplace, with new problems to solve, harder tasks to be mastered, added abilities to strive for.

Basically, it is productive change, which I call economic dynamism .

No catastrophic earthquake or tsunami has destroyed southern Europe s productive capacity.

This erodes an economy s skills base and saps its long term productive capacities.

Under these circumstances, large excess capacity develops and commodity prices fall.

By the second half of the year, the investment bust in real estate, infrastructure, and industrial capacity will accelerate.

Realigning China s infrastructure means emphasizing quality over quantity, and reducing state ownership and controlled prices in favor of market forces.

With every month that the economy loses productive capacity, the likelihood of stagnation and deflation rises.

New manufacturing technologies have generated feverish excitement about what some see as a Third Industrial Revolution.

Moreover, investment in public infrastructure and urban facilities will not create industrial over capacity instead, it will provide long term public consumption durables that households and companies will use for years to come.

White collar knowledge workers respond to different incentives and political appeals than do blue collar industrial workers.

It turned out that there was enormous excess capacity, and import substitution soon began, even in the midst of financial turmoil.

The authorities understand that the profits from Namibia's natural resources need to be invested in infrastructure and production capacity.

In the late 1950s the full production of the plant was turned over to non military production.

In fact, fixed business investment as a share of GDP is some 2 lower today than 4 years ago.

As a result, an enormous amount of goods are spoiled in storage, while production incentives are misdirected.

These largely intangible production processes before and after the physical manufacturing sometimes constituted 80 of the value added.

Such a move would deter excessive investment in productive capacity, and ease the implementation of a more flexible exchange rate regime.

Thanks to decades of low investment in statistical capacity, no one trusts the Greek government s figures.

In addition, new and potentially viable production capacities need to be fostered through complementary developmental policies.

Huajian opened its doors in January 2012 with two production lines and some 600 workers.

Overcapacity vanished, constraints on consumption were lifted, and a dramatic increase in household demand followed.

The Bank s policy work has re affirmed the notion that rural producer organizations are fundamental building blocks of agricultural development.

But by proclaiming his adherence to this goal, Putin is not exhorting workers to become Stakhonovites and exceed production norms.

In Brazil, four local production systems have combined to form Project Promos Sebrae BID, based on the example of Italy s industrial districts.

Farmers will be able to buy inputs, either out of their own cash, or by borrowing against their improved creditworthiness.

After all, advanced countries have been losing manufacturing jobs to less developed countries for more than fifty years.

China s explosive economic growth hinges on the rest of the world, radically changing the global production chain and challenging the global trading system.

New manufacturing processes will incorporate specially designed microbes and computer characterized compounds into an array of products.

The enterprises owned by the Indian government in manufacturing and other sectors operate inefficiently and often produce losses that absorb national saving.

Finally, while assets nowadays are much more liquid, this has not boosted long term productive investment. Instead, the profitable carving up of healthy companies has freed up capital to flow to intangible assets, houses and other forms of real estate, fueling a speculative crisis.

But, despite Novartis s large production capacity, donor agencies have failed to order, buy, and ship the medicines in the required amounts.

Now, with so much fixed capital and infrastructure destroyed by the earthquake and tsunami, the economy s productive capacity has fallen by an estimated 2 of GDP.

Finally, while assets nowadays are much more liquid, this has not boosted long term productive investment.

In Bangalore, high tech companies have built world class campuses replete with manicured lawns and high speed data communication networks.

China s low paid, reasonably productive manufacturing workers and high quality infrastructure (roads, power, ports, and communications) has set the standard for competitiveness globally.

Indeed, the country could develop into a mini China, placing massive manufacturing capacity immediately adjacent to the global economy s largest integrated market.

Our production processes are so globalized that a country s import tariffs could well penalize imports from one of its own global companies.

She added In recent years, we have invested over 5m in our Tollcross site, notably on production lines and operational improvements.

Production capacity in Britain and the United States was improved by the invention of the cotton gin by the American Eli Whitney in 1793.

The IMF and the US Treasury worried that any change would restart inflation, because there was little or no excess productive capacity.

Indeed, manufacturing relations between the US and Mexico are such that some 40 of the value added in Mexican exports to the US is actually of US origin.

When an economy is operating efficiently, expectations are largely fulfilled desires, resources, and production technology are well matched and people are reasonably satisfied with their plans, relations, and contracts.