The European Union, which comprises 27 member states, currently suffers from "competitiveness deficit" compared to other advanced economies.
Overheating has hurt competitiveness.
How much could this hurt competitiveness?
But it will be very hard now for the bank lobby to claim that the economy will be imperilled by reform or that the City will suffer a loss of competitiveness.
If China were to shun the fundamental changes needed now, its competitiveness would suffer and it could fail to reach its growth potential of 6percentto8percentcent a year over the next decade, the chamber warned.
If such spending was not increased by billions of dollars, American competitiveness could suffer, according to the committee, whose members included educators like Charles M. Vest, then president of the Massachusetts Institute of Technology, and business executives like John A. Young, the former chief executive of Hewlett-Packard.
To make the opposite case, if the U.S. has no "cold war" innovation rival that galvanizes a sustained political commitment to resources being put into fundamental innovation, competitiveness could suffer.
Because all four countries suffer from a lack of competitiveness, a recovery in real GDP in the face of fiscal austerity will probably require a drop in wages and prices.
"And maybe Australia should be doing better in some industries than it is maybe there should be some policy [on that] but the idea that the economy is likely to suffer from some generalised problem with competitiveness is just wrong".
The bigger issue was dismal productivity growth, which was Italy's main problem too.Swines with fluAll these countries suffer not only from a lack of competitiveness but from other, perhaps more damaging, disorders too.
Such populism ignores teacher's warnings that pay based on performance will damage the collaborative ethos many schools have in place and lead to a toxic competitiveness from which students will suffer most.
