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It is commonly observed that British shops are full of manufactured goods made in China rather than in the UK and that this has occurred because Britain is less competitive. But what does that statement mean and why should it be so? To answer such questions is the aim of this book, written with the aid of a total of 60 editors and researchers. On the basis of econometric models based on those developed by scholars over the past quarter of a century, they have broken down the idea of “competitiveness” into 8 factors, 16 sub-factors and 106 criteria, all...

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