Syndicate content

Add new comment

Submitted by Joe Qian on
I really like this point. "Government policies that take each country's unique circumstances and the changing global environment into account need to facilitate that process." I think we all agree that each country needs to create an industrial base in order to develop local industries and provide goods and services to the populace. The question is whether to rely on an export driven model. Examples of finding competitive advantages and building niche industries would be trade facilitation in Singapore and Panama, I think Sri Lanka has a big opportunity in this. Other examples would be Swiss watchmaking or diamond cutting in Belgium. They found a competitive advantage, invested heavily, and have benefited greatly.