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A system of hierarchy, patronage and order is giving way to competition, openness, freedom and personal assertiveness.
Other factors matter: resource endowments; investment in physical capital and R. & D.; political stability; competition; openness to new innovations, ideas, and people; a reliable legal system; and ready access to finance.
The general features of the underlying factors are competition, openness of the economy to trade and investment and demand and supply conditions.
These channels variously feed through to determinants of firm-level performance (productivity, patenting and other measures of innovative activity), entrepreneurship and industry structure (firm entry and competition), openness (trade and FDI flows) and worker/consumer welfare (wages, employment and prices, as well as product/service mix).
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If Gazprom and P.G.N.I.G. had their way, Europol Gaz would retain the ownership, commercial and operating rights of the Polish section of the Yamal pipeline, a move that would prevent any competition or openness.
They are an integral part of a grand bargain dating back to the foundation of the single market, in which increased competition and openness to trade was offset by a guarantee that European union would not trigger what was feared across much of the continent as a race to the bottom on working conditions or regulation.
By using the leverage of the American economy's size and attractiveness to stimulate competition for openness, we will move the world closer towards the goal of comprehensive free trade.Robert Zoellick is the United States Trade Representative and a member of President Bush's cabinet.
Competition and openness will change this, he said.
Women can also gain through an additional path: increased competition through openness to international trade.
It has to keep in mind that investment-driven economies need to work on building efficiencies, enhancing local competition, market openness, incentives and rules for encouraging productivity.
A great victory was won earlier this year for supporters of innovation, competition and openness — net neutrality rules were adopted by the FCC.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com