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Global Punctuality Index: A Tool to Save Trillion Man Hours

Sapovadia, Vrajlal (2014): Global Punctuality Index: A Tool to Save Trillion Man Hours.

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Abstract

The ‘time’ is most precious, important resource but uncontrollable. Hence, one has to use the time effectively to succeed. Attitudes and values are the foundation of every country’s culture, and are the building blocks for developing business culture. The time consciousness is very important cultural trait, and along with time punctuality, it influences economic development. Culture is one potential reason for differences in the levels of economic development and for differential economic performance of countries around the world . An especially important cultural dimension with regard to its possible impact on production and economic activity is time punctuality, or time consciousness. The punctuality matters for economic development, innovation, country competitiveness, and the effectiveness of a country’s government. Country to country, region to region, village to village, community to community theses traits are different. The index provides opportunity to identify room where the time can be saved by collective actions. World Bank group compile Doing Business every year, the due weightage is given to starting time or licensing time. The author intends to develop objective index through realistic data submitted by citizens which are relevant, reliable and of wider spread.

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