The Competitive Advantage of Nations

Michael Porter, over at Hah'vad, has the following to say about government regulation and its impact on global competitiveness.

"Without advanced regulations in areas of legitimate social concern, U.S. industry will lose the innovation race in the affected industries and U.S. products will not sell well to sophisticated customers abroad. Stringent standards for products, environmental quality, and the like not only benefit the social agenda but are vital to the economic agenda. [more]

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