Comments on: How countries compete http://innovationzen.com/blog/2007/03/19/how-countries-compete/ Innovation Management, Business Strategy, Technology and more! Fri, 21 Oct 2011 16:44:36 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Daniel Scocco http://innovationzen.com/blog/2007/03/19/how-countries-compete/comment-page-1/#comment-6651 Daniel Scocco Tue, 20 Mar 2007 10:51:40 +0000 http://innovationzen.com/blog/2007/03/19/how-countries-compete/#comment-6651 nibletes, I agree with that both those countries will need to surpass some obstacles in order to keep growing and avoid some kind of economical implosion. Even if we consider that, however, I still think that they are in the better position. Russia is another well positioned country. It also has huge political issues, but this does not remove the premise that it might be one of the fastest growing countries over the next decades. Regarding the near slave labour, I will need a complete essay to discuss that :), I will try to write it soon. nibletes, I agree with that both those countries will need to surpass some obstacles in order to keep growing and avoid some kind of economical implosion. Even if we consider that, however, I still think that they are in the better position.

Russia is another well positioned country. It also has huge political issues, but this does not remove the premise that it might be one of the fastest growing countries over the next decades.

Regarding the near slave labour, I will need a complete essay to discuss that :), I will try to write it soon.

]]> By: niblettes http://innovationzen.com/blog/2007/03/19/how-countries-compete/comment-page-1/#comment-6633 niblettes Tue, 20 Mar 2007 03:13:07 +0000 http://innovationzen.com/blog/2007/03/19/how-countries-compete/#comment-6633 Interesting contraditions from Vietor. - China's banking system is a bit of an incomprehensible mess rife with fraud and corruption (at least Barron's thinks so--I'm in no position to know first hand). And what is China's fiscal policy? Only communist party insiders--not a Harvard prof--know the answer to that - India is in the bottom half in transparecy.org's corruption index rankings - Nobody really knows China's import/export balance. Guess at this is like guess the finances of your local church. Neither will let you peek at their books--so its all just guess work. So these countries really don't have what according to Vietor makes competitive states. So how are they so well positioned to compete globally? Vietor conveniently doesn't mention the one overwhelming competitive advantage China and India have: vast armies of near slave labour. Interesting contraditions from Vietor.

- China’s banking system is a bit of an incomprehensible mess rife with fraud and corruption (at least Barron’s thinks so–I’m in no position to know first hand). And what is China’s fiscal policy? Only communist party insiders–not a Harvard prof–know the answer to that

- India is in the bottom half in transparecy.org’s corruption index rankings

- Nobody really knows China’s import/export balance. Guess at this is like guess the finances of your local church. Neither will let you peek at their books–so its all just guess work.

So these countries really don’t have what according to Vietor makes competitive states. So how are they so well positioned to compete globally?

Vietor conveniently doesn’t mention the one overwhelming competitive advantage China and India have: vast armies of near slave labour.

]]> By: Darius Peczek http://innovationzen.com/blog/2007/03/19/how-countries-compete/comment-page-1/#comment-6628 Darius Peczek Tue, 20 Mar 2007 00:02:17 +0000 http://innovationzen.com/blog/2007/03/19/how-countries-compete/#comment-6628 There is a lot any country could learn from Singapore. However in most western democracies including Australia, people waste so much time arguing who gets what and how much. This is not consistent with aiming for comparative advantage. There is a lot any country could learn from Singapore. However in most western democracies including Australia, people waste so much time arguing who gets what and how much. This is not consistent with aiming for comparative advantage.

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