Global Economics Monthly: Competition Is Not A Dirty Word In Economics

Volume IV, Issue IV, September 2015

Any sports fan can tell you that losing is no fun. (As a native Washingtonian, I speak with authority on this.) But most fans would add with a shrug that you win some, you lose some, and that the competition itself can be invigorating. That perspective is instructive when thinking about competition in international affairs, which is not always as problematic as it is made out to be. In fact, in the economic arena, competition is essential to expanded growth and prosperity...

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Matthew P. Goodman

Matthew P. Goodman

Former Senior Vice President for Economics