Competition between countries on global markets, says conventional wisdom in economics, is a Darwinian process that will weed out not only high-cost firms but also societal norms and institutions that are impediments to low-cost production.
Competition between countries on global markets, says conventional wisdom in economics, is a Darwinian process that will weed out not only high-cost firms but also societal norms and institutions that are impediments to low-cost production.