With new money scarce, investment will be postponed, making local firms uncompetitive.
Some commentators fret that a rising euro could make firms uncompetitive and so further choke growth.
This worried financial markets, suggesting that the pound could become much stronger against the US dollar, making UK firms uncompetitive in global markets.
Now its economy is trapped between bad institutions and expensive labour, which makes private firms uncompetitive.Russia has hit the same problem as the Soviet Union did: it cannot grow by expanding the labour force.
Because of an array of loopholes and deductions, the actual rate that corporations pay is much lower than thirty-five per cent, but that hasn't prevented business groups like the Business Roundtable and the Chamber of Commerce, and their Republican allies, from insisting that the rate differential makes American firms uncompetitive.
The legacy was one of uncompetitive firms, a huge bureaucracy and an ingrained welfare mentality.
They are tired of seeing uncompetitive firms, propped up by government subsidies and forbearing banks, undercut their prices and tie up resources.
By contrast, the number of listed companies fell in most of the Latin American economies, as increased foreign competition and overvalued currencies took their toll on uncompetitive firms.In this section Overview Emerging-market listings Economy Financial markets Reprints.
The average Western company is much better managed than the average emerging-world company (see chart 6): for every Infosys and Haier there are plenty of poorly managed and uncompetitive firms in developing countries.
In return, it is "quite normal" to ask them to halt lay-offs, to keep existing factories open and if possible to "bring production home" from lower-cost countries.A second European says that governments should focus on ensuring individual workers are employable, not propping up uncompetitive firms.
