Global economic competition from "summary" of Economic Facts and Fallacies by Thomas Sowell
Global economic competition is a reality that cannot be wished away, no matter how much we may prefer a world where everyone gets along. This competition is not just about countries trying to outdo each other in some abstract sense, but about real and concrete consequences for the lives of millions of individuals. In a world of global economic competition, the stakes are high. Countries that fail to keep up risk falling behind, with all the economic and social costs that entails. This is not just a theoretical concern, but a very real and pressing issue that policymakers must grapple with. The forces driving global econ...
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