This post is work in progress:
Competitiveness:
Different countries are "best suited" for different types of companies.
No country can be best suited for all types.
A business-friendly type of approach has general benefits but when some 200 countries (some 150 in the WTO) and thousands of regions compete for location of company HQs and operations, being business-friendly or something like that is maybe, at best, a necessary (albeit in practice maybe debatable) but certainly not a sufficient factor.
Does the above rationale imply a call for return to sectoral "industrial policy"? Not really.
Some years ago, someone asked me to do a study of competitiveness models for Greece. What he really wanted though was a paper on best practices "abroad". I said No to taking on the study. A competitiveness model cannot be a patchwork of best practices, because then it becomes like "Frankenstein".
Notes:
1) Competitiveness: In search of balance? http://npthinking.blogspot.gr/2012/12/competitiveness-in-search-of-balance.html
2) Along with the advantages and management/business/policy techniques of complex goods manufacturing: Is the German Mittelstand under-studied by US, European and international business gurus?
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