As Etienne Davignon, a vastly experienced former Belgian commissioner, puts it, "the single currency is the only thing that can unleash the full potential of the single market".Not only that, but without some way of stopping excessive currency fluctuations ("competitive devaluations" in French parlance), the single market could be put at risk by a revival of protectionist pressures.
Often there was corruption and excessive debt, while anti-competitive practices that suited vested interests kept productivity low.
"The excessive tax burden saps the competitive edge of French firms," he claims.
And while never-ending, sometimes contradictory, directives are churned out from above, teachers mop up the emotional damage caused by the narrowing of the curriculum, ever-spiralling exam stress, excessive testing and a fiercely competitive, perfectionist culture.
The enterprises that hold valuable, rare, inimitable, and irreplaceable resources can more easily access sustainable and competitive advantages and excessive profits (Habbershon and Williams 1999; Habbershon et al. 2003).
Meanwhile, the idea that an industry is nominally "competitive" should not provide excessive protection from regulatory oversight.
I don't go in for excessive exploration for the sake of competitive obscurity.
Since athletes commonly perform intensive physical training or competitions on consecutive days, facilitation of recovery process is important to maximize competitive success and to prevent excessive fatigue [1].
Manila recently enacted a renewable energy law to stimulate private investment that he described as encouraging open and competitive power generation while reducing excessive royalties and taxes.
"We have engaged an outside consultant, Mercer, that benchmarks salaries at Finra to make sure they are competitive with that market, but not excessive".
