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The Failures of Economic Forecasting

It is a conventional joke that economic forecasters always disagree, and that there are as many different opinions about the future of the economy...

ESRC lecture 1994 – Is There a Competitive Advantage of Nations?

Competitive advantage is based, not on doing what others already do well, but on doing what others cannot do as well. Not only is this true for individuals and for firms, but for countries as well.