Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Competitiveness against whom? And doing what? Do you think that competitiveness is the drive towards the least possible salary? In that case Bangladesh and the Sudan would be tremendously competitive.
But note this:
Kaldor's Paradox:... for the postwar period, those countries that had experienced the greatest decline in their price competitiveness (i.e., highest increase in unit labor costs) also had the greatest increase in their market share

Things are anything but linear in the real world...

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Fri Feb 17th, 2012 at 10:17:06 PM EST
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