summer 2015: economic competitiveness
TRANSCRIPT
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8/21/2019 Summer 2015: Economic Competitiveness
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@hfefolh
Hfop`tltlv`e`ss
fe hfoofe arfuemT@KC]FTX® & Xokrt Arfwtb
XPOO@T 4>;0
Qb`r` Kr` tb` E`w Ifds Aflea6
Hr`ktlea Qkcjkdc` ]fwes
Wldrkehy fg tb` Xokcc`r O`trfpfcls`s
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8/21/2019 Summer 2015: Economic Competitiveness
2/684 FE HFOOFE ATFPEM XPOO@T 4>;0
Gfr ofr` legfroktlfe fe EKT kem sokrt arfwtb, vlslt www.r`kctfr.fra/sokrtarfwtb.
Fe Hfoofe Arfuem ls pudclsb`m twlh` k y`kr dy tb` Hfoouelty kem ^fcltlhkcKggklrs mlvlslfe fg tb` EK]LFEKC KXXFHLK]LFE FG T@KC]FTX® (EKT),kem ls mlstrldut`m gr`` fg hbkra`. ]b` pudclhktlfe pr`s`ets k wlm` rkea` fgvl`ws fe sokrt arfwtb lssu`s, wltb tb` afkc fg `ehfurkalea k mlkcfau` kofeaT@KC]FTX®, `c`ht`m fghlkcs kem ftb`r let`r`st`m hltlz`es. ]b` fplelfes`xpr`ss`m le Fe Hfoofe Arfuem kr` tbfs` fg tb` kutbfrs kem mf efte`h`sskrlcy r``ht tb` fplelfes fr pfclhy fg tb` EK]LFEKC KXXFHLK]LFE
FG T@KC]FTX®, lts o`od`rs fr kgclkt` frakelzktlfes.
@mltfr
Ifs`pb T. OfclekrfOkekalea Mlr`htfr, Hfooueltykem ^fcltlhkc Kggklrs
iofclekrfNr`kctfrs.fra
Ksslstket @mltfr
Buab OfrrlsOkeka`r, Xokrt Arfwtb ^rfarkobofrrlsNr`kctfrs.fra
EK]LFEKC KXXFHLK]LFE FG T@KC]FTX® 0>> E`w I`rs`y Kv`eu`, EQQksbleatfe, MH 4>>>;
Mlstrldutlfe
]f frm`r kmmltlfekc hfpl`s fg Fe Hfoofe Arfuem,pc`ks` ̀ -oklc us kt FHANr`kctfrs.fra.
Fe Hfoofe Arfuem ls kcsf kvklckdc̀ fecle ̀kt9www.r`kctfr.fra/pudclhktlfes/fe-hfoofe-arfuem
©4>;0 EK]LFEKC KXXFHLK]LFE FG T@KC]FTX®
Ks tb` P.X. hfetleu`s lts r`hfv`ry grfo tb` 4>>1-4>><
r`h`sslfe, lt ls d`hfolea hc`kr tbkt tb` e`w ifds kr`e“t
fhhurrlea le tb` sko` pckh`s le wblhb tb` ifds w`r` cfst.
Ofr` tbke `v`r, ifd hr`ktlfe ls tkjlea pckh` le tb` okifr
o`trfpfcltke kr`ks, kem h`et`r hltl`s kr` mflea d`tt`r le
hfop`tlea wltb tb` sudurds gfr ifds. Qkcjkdc` urdke pckh`s kr`
d`hfolea ofr` vltkc tf kttrkhtlea yfuea tkc`et, `etr`pr`e`urs
kem stkrt-up dusle`ss`s. ^ckh`s tbkt prfvlm` trkespfrtktlfe
fptlfes, kem k wkcjkdc` olx fg r`slm`eh`s, fgh`s, sbfps kem
r`stkurkets kr` fut-hfop`tlea sudurdke dusle`ss pkrjs kem
gkr-uea sudurds gfr ifds.
]bls e`w wfrcm fg `hfefolh hfop`tltlv`e`ss ls hbkcc`ealea
fcm eftlfes fg –`hfefolh m`v`cfpo`et,‟ wblhb le tff okey
pckh`s stlcc r`cl`s fe prfvlmlea leh`etlv`s fg hksb, tkx hr`mlts
kem hb`kp ckem. ]b`s` fcm o`tbfms kr` d`hfolea c`ss `gg`htlv`
le k tlo` wb`e ̀ opcfy`rs kr` cffjlea gfr ke ̀ evlrfeo`et tbktkttrkhts e`w yfuea tkc`et. Ofr` tbke `v`r, pckh` oktt`rs.
]f hfop`t`, okey hfooueltl`s kr` lopc`o`etlea tb` g`ktur`s
fg wkcjkdc` urdke pckh`s. Xkg`r p`m`strlke kem dlhyhc` rfut`s
kem pudclh trkespfrtktlfe kccfw p`fpc` tf clv` wltbfut d`lea
t`tb`r`m tf k hkr. E`labdfrbffms tbkt hfodle` fgh`s, sbfps,
r`stkurkets, r`slm`eh`s kem futmffr aktb`rlea spkh`s kr`
hkpturlea k blab`r p`rh`etka` fg e`w arfwtb. Xokcc`r o`trf
kr`ks kem sokcc tfwes hke dulcm fe tb`lr kmvketka`s fg ofr`
kggfrmkdc` bfuslea, c`ss trkgh, kem `ksl`r khh`ss tf ektur`
kem r`hr`ktlfe dy kmmlea p`m`strlke-gfhus`m e`labdfrbffms
wltb sfo` str``t vltkclty. Hkr-m`p`em`et sudurds hke tkj`
k e`w cffj kt tb` m`v`cfpo`et pktt`res r`qulr`m dy tb`lr
zfelea hfm`s. Xokcc blstfrlh tfwes hke gfhus tb`lr `e`ral`s
fe okjlea tb`lr fcm okle str``ts ke kss`t gfr p`fpc` le
surrfuemlea kr`ks. ]b` `hfefoy ls sblgtlea tfwkrm wkcjkdc`
urdke pckh`s, kem hfooueltl`s tbkt wlsb tf d` hfop`tltlv` le
tbls e`w `hfefoy kr` pkylea ktt`etlfe.
M`okem gfr Qkcjkdc` Prdkelso Mrlvlea tb` @hfefoy
Hfurt`sy fg Gfr`st Hlty, Qksb.
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8/21/2019 Summer 2015: Economic Competitiveness
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Qb`r` Kr` tb` E`w Ifds Aflea6 = dy Drkm Drfd`ra
Okae`ts gfr ]kc`et]f mrkw olcc`eelkcs, `opcfy`rs hbffs`vldrket, wkcjkdc` h`et`rs 1 dy Mkvlm Afcmd`ra
Kct`rektlv` ]rkespfrtktlfe
Xpurs M`v`cfpo`et ;4
dy Ifke Offe`y
T`muhlea @v`rymky Hfsts gfrKggfrmkdc` E`labdfrbffms ;2 dy A.O. Glclsjf
]b` Okj`r Ofv`o`et 4= dy ]rkh`y H . W`ct
Hf-Qfrjlea Xpkh`s O``tHbkealea E``ms 42dy Drlke @. Hckrj
Xbkrlea tb` Cfv` fg Gffm …kem tb` Xpkh` kem HfstJlthb`e lehudktfrs b`cp `etr`pr`e`urs 8=
dy Ifbe Wke Al`sfe
Hr`ktlea Qkcjkdc` ]fwes
Xokcc hfooueltl`s us` sokrt arfwtb tffcs tf akle ke `hfefolh `ma` =4 dy Drkm Drfd`ra
Wldrkehy fg tb` Xokcc`r O`trfpfcls s̀Xokcc`r hltl`s kr` tbrlvlea dy
prfvlmlea urdke ko`eltl`s =2
dy Drlke @. Hckrj
Hktkcytlh Xpkh`s Xtlouckt`
@hfefolh M`v`cfpo`et 0=
dy Hbrlstle` Ifrmke X`xtfe
Gfst`rlea ke @etr`pr`e`urlkc Huctur` 7>dy Hbrlstle` Ifrmke X`xtfe
EKT Hfoouelty Futr`khb Kwkrms 7=
T@KC]FTX® ]kj` Khtlfe Okjlea sokrt arfwtb bkpp`e 77
Xuoo`r 4>;0
Fe Hfoofe Arfuem tbkejs tb` gfccfwlea hfetrldutfrs kem frakelzktlfes gfr pbftfarkpbs, lccustrktlfeskem krtlst r`em`rleas r`prlet`m le tbls lssu 9̀ Oktt Ketbfey, Hlehleektl Okm :̀ Kokemk Dcffm, Mfol W`etur`s:
Mfe Hbke`y, Hlty fg Tlgc ,̀ Hfcf.: Kc`xkemrk G`rausfe: Jkrck Akcvke, Mfol W`etur`s: Kmko Bk`e, G@@M Jlthb`
Ar`a B`cc`r, Ko`rlhke Hfooueltl`s ]rust: Drlke Lskkhsfe, Xkdfr`s m`c Xur: Kemr`w Jlodkcc, Lemustry Hlty:
Ektbke Clemqulst, Hlty fg Tlgc ,̀ Hfcf.: Mke O`coke, Hkpltfc Tlv`rgrfet Dusle`ss Loprfv`o`et Mlstrlht:
A`e` Oucc`r, Gcylea Glsb Dr`w`ry: ]fdlks Frlwfc, Oy Olhrf E\: Aleey ^f`bclea, Cks W`aks E`ws Dur`ku:
Lckek ^r`uss, T`hkst Hlty CCH: Qlcc Tfbm ,̀ Yla`r/Xe`km Krhblt`hts: Clsk X`rdkel`wlhz, ]b` Okrlef Frakelzktlfe
]fo Xt`v`esfe, Hlty fg Xkclsdury, Om.: Xhftt ]ure`r, Tlv`rslm` Bfo`s: kem Xkrkb Q`chb, Wlslt M`ev`r.
Fe Hfoofe Arfuem
Hfurt`sy fg Wlslt Frckemf
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8/21/2019 Summer 2015: Economic Competitiveness
4/68= FE HFOOFE ATFPEM XPOO@T 4>;0
K
y`kr bks pkss`m sleh` tb` P.X. Dur`ku
fg Ckdfr Xtktlstlhs keefueh`m tbkt
tb` `hfefoy bkm ekccy r`hfv`r`m
kcc 2.1 olcclfe ifds cfst murlea tb`
4>>1-4>>< r`h`sslfe.
Xleh` tbkt e`ws ckst Iue`, tb` `opcfy-
o`et plhtur` bks hfetleu`m tf drlabt`e. ]` ektlfe kmm`m
4.1 olcclfe ofr` ifds d`tw``e Oky 4>;= kem Okrhb
4>;0 kem ue`opcfyo`et g`cc tf 0.0 p`rh`et grfo 7.8
p`rh`et ” k mrkoktlh loprfv`o`et fv`r tb` p`kj ifd-
c`ss rkt` fg ;> p`rh`et le Fhtfd`r 4>>;=,
khhfrmlea tf k stumy dy tb` Drffjleas Lestltutlfe,
wblhb us`s ifd arfwtb kem arfss mfo`stlh prfmuht
arfwtb ks lemlhktfrs.
]kt mf`se“t o`ke tb` `hfefoy bkse“t okm` b`kmwky,
dut lt mf`s o`ke b`kmwlems hfetleu` tf dcfw, hr`kt-
lea k tguc r`hfv`ry le wblhb tb` myekolhs fg `hfefolh
hfop`tltlv`e`ss kr` hbkealea.
Le tfmky“s ̀ evlrfeo`et, tb` kssfhlktlfe d`tw``e ifd arfwtb
kem sokrt arfwtb ls hfolea ofr` kem ofr` letf gfhus.
Qb`r` yfu em tb` g`ktur`s fg sokrt arfwtb ” wkcjkdlc-
lty, khh`ss tf trkeslt, k olx fg us`s, hfopkht m`v`cfpo`et” yfu fgt`e em ifd arfwtb. ]` fppfslt` ls kcsf tru`.
Bfw hfooueltl`s r`spfem tf tb` hbflh`s kem fppfrtuel-
tl`s hr`kt`m dy tbls myekolh hke okj` k dla ml`r`eh` le
tb`lr kdlclty tf hfop`t` le k e`w kem hbkcc`ealea `hfefoy.
Okey bkccokrjs fg sokrt arfwtb kr` gfuem ekturkccy le hlty
h`et`rs ” kem efw sf ls ifd arfwtb. K stumy pudclsb`m ̀ kr-
cl`r tbls y`kr dy Hlty Fds`rvktfry gfuem tbkt kgt`r m`hkm`sfg ckaalea tb` sudurds le ifd arfwtb, tb` hlty h`et`rs fg
=; fg tb` ektlfe“s ckra`st o`trfpfcltke kr`ks `xp`rl`eh`m
gkst`r ifd arfwtb grfo 4>>1 tf 4>;; tbke tb` kr`ks sur-
rfuemlea hlty h`et`rs.
]` stumy, –Xuralea Hlty H`et`r Ifd Arfwtb,‟ wks lesplr`m
dy tb` pkrkm` fg hfopkel`s tbkt bkv` keefueh`m tb`y
kr` ofvlea tf hlty h`et`rs fr `xpkemlea fp`rktlfes
wltble tb`o. If` Hfrtrlabt, mlr`htfr fg Hlty Fds`rvk-
tfry kem kutbfr fg tb` stumy, kekcyz`m H`esus Dur`ku
mktk tf c`kre wb`tb`r tbfs` ke`hmftkc `xkopc`s r`pr`-
s`et guemko`etkc hbkea` le `opcfyo`et pktt`res fr kr`
iust spcksby b`kmcle`s.
Dy Drkm Drfd`ra
QB@T@ KT@ ]B@ E@Q IFDX AFLEA6
^bftfs hfurt`sy fg Wlslt Olcwkuj``
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8/21/2019 Summer 2015: Economic Competitiveness
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Hfrtrlabt gfuem tbkt kaar`akt` `opcfyo`et le tb`
hlty h`et`rs (tb` kr`ks wltble tbr`` olc`s fg `khb o`trf
kr`k“s h`etrkc dusle`ss mlstrlht) ar`w kt ke keeukc rkt` fg
>.0 p`rh`et d`tw``e 4>>1-4>;; wblc` kaar`akt` ̀ opcfy-
o`et le tb` surrfuemlea kr`ks m`hcle`m dy ke keeukc rkt`
fg >.; p`rh`et.
–L mfe“t jefw lg tb` r`sucts kr` k surprls`, dut tb`y kr` k
hferoktlfe tbkt tb` ke`hmft`s w`r` khtukccy c`kmlea tf
sfo`tblea,‟ Hfrtrlabt sklm.
]` H`esus Dur`ku mktk Hfrtrlabt dks`m bls stumy fe wks
fecy kvklckdc` tbrfuab 4>;; ” k turduc`et p`rlfm tbkt
spkee`m tb` r`h`sslfe kem tb` d`aleelea fg tb` r`hfv`ry.
B` pckes tf gfccfw up ks e`w mktk ls r`c`ks`m tf hfero
tb` p`rslst`eh` fg tb` tr`em uem`r ofr` stkdc` hfemltlfes.
–Q` r`kccy hfucm us` k hfupc` fg ofr` y`krs fg mktk tf
jefw wbkt“s aflea fe (le tb` cfea rue),‟ b` sklm.
]` sura` le hlty h`et`r ifd arfwtb d`tw``e 4>>1-4>;;
r`v`rs`m m`hkm`s fg m`h`etrkclzktlfe ” k.j.k. ifd sprkwc
” le wblhb `opcfyo`et gfccfw`m tb` pfpucktlfe ks
p`fpc` str`ko`m kwky grfo hlty h`et`rs tf tb` sudurds.
Ks r`h`etcy ks 4>>4-4>>1, ifd arfwtb le surrfuemlea
kr`ks wks ouhb gkst`r (;.4 p`rh`et keeukccy) tbke le hlty
h`et`rs (>.; p`rh`et keeukccy), khhfrmlea tf tb` stumy.
Okj` ef olstkj`. ]` vkst okifrlty fg ifds r`okle fut-
slm` tb` hlty h`et`r kem hlty h`et`r ifd arfwtb wks eft
suralea le ̀ v`ry o`trf kr`k Hfrtrlabt stuml`m. Bfw`v`r,
tb` p`emucuo ls swlealea lewkrm ks ofr` kem ofr` hlty
h`et`rs kr` futp`rgfrolea tb`lr futcylea kr`ks (`ltb`r kmm-
lea ifds gkst`r fr cfslea tb`o ofr` scfwcy).
D`tw``e 4>>4-4>>1, fecy s`v`e fg tb` =; hlty h`et`rs
Hfrtrlabt stuml`m futp`rgfro`m tb`lr futcylea kr`ks, dut
d`tw``e 4>>1-4>;;, b` gfuem tbkt 4; futp`rgfro`m tb`lr
futcylea kr`ks.
Hlty h`et`rs fw` sfo` fg tb`lr r`cktlv` str`eatb tf tb`
r`h`et `hfefolh hyhc` le wblhb lemustrl`s tbkt t`em tf
hcust`r le hlty h`et`rs (prfg`sslfekc, t`hbelhkc kem hr`ktlv`
s`rvlh`s) w`ktb`r`m tb` r`h`sslfe d`tt`r tbke lemus-
trl`s tbkt kr` typlhkccy m`h`etrkclz`m (okeugkhturlea,hfestruhtlfe, wkr`bfuslea).
Bfw`v`r, wb`e Hfrtrlabt kmiust`m gfr tbkt ``ht,
b` gfuem tbkt hlty h`et`rs stlcc loprfv`m tb`lr hfop`tl-
tlv` pfsltlfe r`cktlv` tf futcylea kr`ks dks`m fe tb`lr
okrj`t sbkr` fg o`trf-wlm` ̀ opcfyo`et. Fecy gfur hlt-
l`s lehr`ks`m tb`lr okrj`t sbkr` fg o`trf `opcfyo`et
d`tw``e 4>>4-4>>1, dut ;= lehr`ks`m tb`lr sbkr` d`tw``e
4>>1-4>;; kem 82 r`muh`m tb`lr rkt` fg cfss.
–Lt“s eft iust tb` usukc susp`hts ... tb` Xke Grkehlshfs kem
E`w \frjs,‟ Hfrtrlabt skys. –Lt“s k mlv`rs` krrky fg hltl`s
krfuem tb` hfuetry wb`r` yfu“r` s``lea tb`s` pktt`res.‟
Olcwkuj`` ls k affm ̀ xkopc`. D`tw``e 4>>4-4>>1, ̀ opcfy -
o`et le tb` hlty h`et`r ar`w dy iust >.4 p`rh`et k y`kr
hfopkr`m tf >.2 p`rh`et le tb` surrfuemlea kr`ks. ]`etb` euod`rs ffllp-fflfpp`m.
Hlty h`et`r `opcfyo`et ar`w dy ;.= p`rh`et d`tw``e
4>>1-4>;; wblc` `opcfyo`et le tb` surrfuemlea kr`ks
sbrkej dy ;.8 p`rh`et. ]kt prfp`cc`m tb` hlty h`et`r grfo k
=.1 p`rh`et cfss fg okrj`t sbkr` tf k 7.4 p`rh`et akle.
–]`r` wks k cfea p`rlfm fg tlo` wb`r` yfu stkrt`m wfrrylea
kdfut tb` mfwetfwe (dut) w` kr` m`elt`cy s``lea k bua`
sura` le dusle`ss le tb` hlty efw,‟ skys kokrk Okmm`et`,
`x`hutlv` vlh` pr`slm`et fg Glrst Q`d`r Arfup, k Qlshfe-
sle r`kc ̀ stkt` s`rvlh`s hfopkey.
]` dla e`ws le Olcwkuj`` tb`s` mkys ls tbkt tb` hlty“s dks-
j`tdkcc t`ko, tb` Duhjs, hbfs` k hlty h`et`r slt` gfr tb`lr
e`w kr`ek wltb pckes tf surrfuem lt wltb fh`, r`tklc kem
r`slm`etlkc m`v`cfpo`et.
Le kmmltlfe, Efrtbw`st`re Outukc Lesurkeh` d`ake hfe-
struhtlfe fe k 84-stfry tfw`r tbkt wlcc r`pckh` k sokcc`r
`xlstlea fh` dulcmlea, j``plea ;,>>> ifds le tb` hlty h`e-
t`r kem kmmlea ;,> e`w fe`s, khhfrmlea tf tb` hfopkey.
]` ifd arfwtb hfolea tf tb` hlty h`et`r fg Olcwkuj`` ls
eft ueclj` wbkt“s bkpp`elea le okey hltl`s, Okmm`et` skys.
Olcc`eelkcs ” –tb` a`e`rktlfe fg wkcjkdc`s kem Pd`rs‟” stkrt`m ofvlea tf tb` hlty h`et`r gfr tb` clv`/wfrj/pcky
clg`styc` kem `opcfy`rs `v`etukccy gfccfw`m, sb` sklm.
Hfurt`sy fg Wlslt Olcwkuj``
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8/21/2019 Summer 2015: Economic Competitiveness
6/687 FE HFOOFE ATFPEM XPOO@T 4>;0
–]` dusle`ss hfoouelty ekccy bkm tf tkj` k affm cffj
krfuem kem sky lg p`fpc` kr` ofvlea mfwetfwe, wby kr`e“t
w` kb`km fg tbkt hurv`6‟ Okmm`et` skys.
Kokemk Duss clv`s le M`ev`r kem d`cfeas tf tb` a`e`rktlfe
Okmm`et` sf hfcfrguccy m`shrld`m. –Ofst p`fpc` L jefw
wbf kr` oy ka` hbffs` tf clv` le (tb` hlty h`et`r fg) M`e- v`r, hcfs` tf sfhlkc khtlvltl`s,‟ skys Duss, 40.
Qblc` M`ev`r wks eft fe` fg tb` o`trf kr`ks wb`r`
`opcfyo`et ar`w gkst`r le tb` hlty h`et`r tbke tb` futcy-
lea kr`ks grfo 4>>1-4>;;, lt mlm r`muh` lts rkt` fg okrj`t
sbkr` cfss tf 8.< p`rh`et, mfwe grfo 7.= p`rh`et d`tw``e
4>>4-4>>1.
Duss hfoout`s tf Dfucm`r gfr b`r ifd ks k ekehlkc s`rvlh`s
okeka`r kt tb` Pelv`rslty fg Hfcfrkmf dut ls kcsf pursu-
lea ke ODK kt tb` Pelv`rslty fg Hfcfrkmf M`ev`r, wblhb
ls wltble wkcjlea mlstkeh` fg b`r mfwetfwe kpkrto`et.Duss clv`m le Dfucm`r gfr k y`kr, dut `v`etukccy –gfccfw`m
oy grl`em dks`‟ tf M`ev`r. –]ls ls tb` tlo` tf clv` mfwe-
tfwe le tb` bustc` kem dustc` wblc` w` bkv` tb` `e`ray
gfr lt,‟ sb` skys.
]` ektur` fg r`h`et r`h`sslfes bks d``e tbkt slz` mf`se“t
kcwkys oktt`r wb`e lt hfo`s tf r`hfv`rlea ifds. Qltb tb`
`xh`ptlfe fg tb` ckt` ;;8 tbke sokcc`r o`trfs kem `sp`hlkccy efe-
o`trf kr`ks, khhfrmlea tf ke kekcysls fg DCX mktk dy
Ifsbuk C`be`r, ke `hfefolst wltb tb` Fr`afe Fh` fg
@hfefolh Kekcysls.
wf clj`cy hkus`s9 ckra` o`trfs d`e`t grfo mlv`rs` ̀ opcfy-
o`et dks`s wblc` sokcc`r o`trfs kem efe-o`trfs t`em tf
r`cy mlsprfpfrtlfekt`cy fe tb` bfuslea kem afv`reo`et
s`htfrs, wblhb bkv` d``e scfw tf r`hfv`r tbls tlo` krfuem.
@opcfyo`et arfwtb le ckra` o`trf kr`ks ” `sp`hlkccy
le hlty h`et`rs ” mrlv`s bfo` tb` e``m tf kmm kfrmkdc`
bfuslea e`kr ifds kem trkeslt tbrfuab lehr`ks`m m`eslty
rktb`r tbke hfetleu`m sprkwc. –]kt kcc ts le wltb tb`
sokrt arfwtb ekrrktlv`,‟ C`be`r skys.
Drkm Drfd`ra ls k X`kttc`-dks`m gr``ckeh` wrlt`r
sp`hlkclzlea le dusle`ss kem m`v`cfpo`et lssu`s.
Bls wfrj kpp`krs r`auckrcy le tb` ^ua`t Xfuem
Dusle`ss Ifurekc kem tb` X`kttc` Mklcy Ifurekc
fg Hfoo`rh`.
^bftfs hfurt`sy fg Wlslt Olcwkuj``
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8/21/2019 Summer 2015: Economic Competitiveness
7/68
Dy Mkvlm Afcmd`ra
Lt“s effe fe ke Kprlc Grlmky, k clabt mrlzzc` ls ture-
lea tf k ofr` leslst`et sbfw`r, dut stlcc tb` cle`s kt
tb` gffm truhjs arfw cfea`r dy tb` oleut`9 Cuehb-
tlo` le X`kttc`“s Xfutb Ckj` Pelfe, tb` blab-t`hb
Drlakmffe tbkt bks spruea up krfuem Kokzfe sleh`
tb` d`b`oftb fecle` r`tklc`r drfuabt lts dura`felea
wfrjgfrh` tf ke kr`k feh` hbkrkht`rlz`m dy wkr̀ bfus`s
kem hkr cfts.
]` 4>- kem `krcy 8>-sfo`tbleas (ef fe` cffjs fv`r
80) le tb`s` cle`s kr` tb` r`ksfe Kokzfe kem k rkplmcyarfwlea euod`r fg ftb`r t`hb hfopkel`s kr` khhr`tlea
le tb` hlty“s m`es`st e`labdfrbffms. ]`s` olcc`eelkcs
” dfre d`tw``e ;>8 ” cfv` d`lea le k
blv` fg khtlvlty. –Gfr o`, d`lea le ke urdke kr`k ls ofr`
kpp`kclea,‟ sklm Drlke F“Xb`k, wbf wks tkjlea k dr`kj
grfo k t`hb trklelea prfarko tf arkd Kslke gffm grfo
tb` Miuea truhj. –L o`ke, bfw ouhb tlo` mf L bkv`6
L clj` d`lea le ke kr`k wb`r` L hke wkcj tf r`stkurkets,
tb` arfh`ry, tf k ofvl`. Lg yfu bkv` tf af gkrtb`r, trke-
slt khh`ss ls `ksy, fr yfu hke arkd k hb`kp Pd`r. L mfe“t
jefw lg lt“s k a`e`rktlfekc tblea, dut L jefw k cft fg
p`fpc` oy ka` wbf mfe“t wket tf clv` fut sfo`wb`r`
kem bkv` k cfea hfoout` le. ]`y wket tf d` sfo`-
pckh` clj` tbls.‟–Q` hfucm bkv` dulct k sudurdke hkopus. L tblej lt
wfucm bkv` d``e tb` wrfea m`hlslfe,‟ sklm Kokzfe
H@F I` D`zfs kt tb` hfopkey“s keeukc sbkr`bfcm-
`rs“ o``tlea ckst Oky. ]` tkc`et`m yfuea wfrj`rs
Olcc`eelkcs clj` d`lea le ke kr`k wb`r` tb`y hke
wkcj tf r`stkurkets, tb` arfh`ry stfr` fr k ofvl`.
Okae`ts gfr ]kc`et
]F MTKQ OLCC@EELKCX, @O^CF\@TX HBFFX@ WLDTKE], QKCJKDC@ H@E]@TX
Gclhjr pbftf dy E l h f c kHfurt`sy fg A`fralk M`pkrto`et
fg @hfefolh M`v`cfpo`et
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8/21/2019 Summer 2015: Economic Competitiveness
8/682 FE HFOOFE ATFPEM
Kokzfe r`hrults –kppr`hlkt` tb` `e`ray kem myekolso
fg ke urdke `evlrfeo`et,‟ b` kmm`m. ]` m`hlslfe tf
m`pkrt grfo tb` fh` pkrj s`ttlea wb`r` tb` hfo-
pkey d`ake, kcfeaslm` rst-wkv` t`hb hfopkel`s clj`
Olhrfsfgt, struhj sfo` ks efv`c kem dfcm, dut tfmky
suhb ofv`s kr` d`hfolea hfoofepckh`. Le Kprlc, gfr`xkopc`, @xp`mlk keefueh`m lt wfucm ofv` lts b`km-
qukrt`rs kem ke `v`etukc =,0>> wfrj`rs grfo sudurdke
D`cc`vu` ” wb`r` hlty c`km`rs kr` tb`os`cv`s wfrjlea
tf okj` tb` mfwetfwe ofr` vldrket kem wkcjkdc` ”
tf k slt` tbr`` olc`s grfo X`kttc`“s h`etrkc wkt`rgrfet.
Kt k e`ws hfeg`r̀ eh` wltb X k̀ttc` Okyfr @m Ourrky,
H@F Mkrk Jbfsrfwsbkbl sklm tb` cfhktlfe –wlcc d` k
okae`t gfr tfp tkc`et.‟
Kem efw ftb`r lemustrl̀ s futslm` fg t h̀befcfay hfopk-
el`s kr` d`aleelea tf gfccfw sult. Ckst Kuaust, fhlkcs
kt Q`ỳ rbk`us`r ” k acfdkc gfr`st prfmuhts hfopkey
kem r`kc ̀ stkt` trust ” keefueh`m lts let`etlfe tf r`cf-
hkt` grfo k =8>-khr` hkopus le sudurdke G`m`rkc Qky
tf mfwetfwe X`kttc`. –Ofvlea fur b`kmqukrt`rs tf
X`kttc` wlcc alv` us khh`ss tf k ckra`r tkc`et pffc tf
o``t gutur` r`hrultlea e``ms, eft iust le tbls r`alfe,
Ofvlea fur b`kmqukrt`rs tf
mfwetfwe wlcc alv` us khh`ss
tf k ckra`r tkc`et pffc.
Kokzfe B`kmqukrt`rs dulcmlea uem`r
hfestruhtlfe le mfwetfwe X`kttc`.
Gclhjr pbftf dy ]r`vfr MyjstrkHfurt`sy fg XMF] ^bftf dy Frke Wlrlylehy
^bftf dy Mkvlm Afcmd`ra
]̀ hb `opcfy``s tkj` kmvketka` fg X`kttc`“s mlv`rs` gffm truhjs kt cuehbtlo`.
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8/21/2019 Summer 2015: Economic Competitiveness
9/68XPOO@T 4>;0
dut grfo khrfss tb` hfuetry,‟ H@F Mfyc` T. Xlofes
sklm le k stkt`o`et. Qblc` tbls tr`em ls dclemleacy fdvlfus le X`kttc`, lt kcsf
ls plhjlea up st`ko le o`trf kr`ks khrfss tb` hfuetry.
Ktcketk, tb` ;
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8/21/2019 Summer 2015: Economic Competitiveness
10/68> FE HFOOFE ATFPEM
k prfg`ssfr fg pckeelea kem `hfefolh m`v`cfpo`et kt tb`
Pelv`rslty fg Efrtb Hkrfclek kt Hbkp`c Blcc. ]`y hke
tkj` tb` gfro fg e`wcy hr`kt`m olx`m-us` m`v`cfpo`ets,
fr ofr` fgt`e tbke eft, tb` r`mlshfv`ry kem r`vltkclzktlfe
fg pr`-`xlstlea Okle Xtr``ts le tb` sokcc tfwes fe tb`
futsjlrts fg ckra`r hltl`s. Okclzlk mfhuo`et`m tb` tr`em
le k r`h`et stumy gfr EKLF ,̂ tb` Hfoo`rhlkc T`kc @stkt`
M`v`cfpo`et Kssfhlktlfe, le wblhb b` `xkole`m dftb
tb` cfhktlfe pr`g`r`eh`s fg `opcfy`rs kem tb` hfopkrk-
tlv` p`rgfrokeh` fg fh` prfp`rtl`s le sleac`-us` kem
–vldrket h`et`r‟ s`ttleas.
–Gfr oy r`s`krhb L surv`y`m ;8> hfoo`rhlkc r`kc `stkt`
drfj`rs grfo ckra` ros, suhb ks Husboke & Qkj``cm,‟
Okclzlk sklm. –Ofr` tbke 2> p`rh`et sklm tbkt, kofea tb`
hcl`ets tb`y“v` wfrj`m wltb le tb` ckst tbr`` y`krs, tb`s`
vldrket pckh`s w`r` ofr` m`slrkdc` tf t`ekets. Q` kcsf
gfuem tb`y bkv` blab`r r`ets, cfw`r vkhkehl`s kem blab`rkdsfrptlfe rkt`s.‟
Ks b` hfetleu`s tf trkhj tb` tr`em, b` sklm, lt kpp`krs tf
d` arfwlea ̀ v`e strfea`r. –Qbkt L bkv` c`kre`m grfo tb`
let`rvl`ws ls tb`r` ls k v`ry strfea kssuoptlfe ” kem lt
ls dkhj`m up dy r`s`krhb grfo ^`w kem ftb`rs ” tbkt
`muhkt`m yfuea wfrj`rs pr`g`r urdke s`ttleas. Kem hfo-
pkel`s kr` a`ttlea tbkt o`sska`.‟
Alv`e tbkt fv`r 10 p`rh`et fg tb` ektlfe“s fh` lev`etfry
ls le hfev`etlfekc sudurdke s`ttleas, kem tbkt tb` olc-
c`eelkcs kr` tb` ckra`st a`e`rktlfe le P.X. blstfry, tb`s`
tr`ems hfucm d` wfrcm hbkealea gfr tb` hfoo`rhlkc r`kc
`stkt` s`htfr, b` kmm`m.
]kt r`kclzktlfe ls eft cfst fe B`ery D`rest`le, wbf
gfhus`s fe emlea spkh` gfr t`hb hfopkel`s ks s`elfr
vlh` pr`slm`et fg Xhb``r k̂rte`rs le Tfhjvlcc`, Om., kgt`r
okey y`krs ks ke `hfefolh m`v`cfpo`et fhlkc le Ofet-
afo`ry Hfuety, Om., k sudurd fg Qksbleatfe, M.H. –Oy
sfe ls k typlhkc 40-y`kr-fcm, wfrjlea gfr k t`hb hfopkey.
Fe` mky b` c`gt bls hkr le oy mrlv`wky kem ksj`m o` tf
a`t rlm fg lt gfr blo,‟ D`rest`le sklm. B` sp`ems k cft fg
tlo` tblejlea kdfut bfw sudurdke hfooueltl`s hke hfo-p`t` le tb` sblgtlea okrj`tpckh`. Fe` tblea b` ls sur` ls
eft tb` kesw`r9 –Hclealea tf yfur sleac`-us` zfelea grfo
tb` ;s wlcc iust stlffl` wbkt prlvkt` m`v`cfp`rs kr` r`kmy
kem kdc` tf mf tf dulcm tb` clv`-wfrj-pcky e`labdfrbffms
tbkt wlcc j``p yfu le dusle`ss.‟
–Eft `v`ry pckh` hke bkv` blab-hkpkhlty trkeslt,‟
b` khjefwc`ma`s, wblc` leslstlea tbkt sudurdke
@muhkt`m yfuea wfrj`rs
pr`g`r urdke s`ttleas.
Ktcketk, Ak., pbftfs hfurt`sy fg A`fralk M`pkrto`et fg @hfefolh M`v`cfpo`et
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8/21/2019 Summer 2015: Economic Competitiveness
11/68XPOO@T 4>;0
iurlsmlhtlfes tbkt mf em tb`os`cv`s tbus dc`ss`m kr`
–leske`‟ eft tf hkpltkclz` fe lt dy `ehfurkalea olx`m-
us` mlstrlhts. –Dut yfu hke bkv` `xldc` zfelea kem
m`v`cfpo`et r`aucktlfes.‟
B` pflets tf Mfwetfwe Hrfwe le Akltb`rsdura, Om.,
ks k suhh`ssguc sudurdke m`v`cfpo`et tbkt hr`kt`m ke
urdke zfe` efw pfpuckr wltb 4>- kem 8>-sfo`tbleas.
]` m`v`cfpo`et“s fecle` okrj`tlea plthb h`rtklecy bks
tb` cleaf mfwe9 –Mfwetfwe Hrfwe ls vldrket kem ouctl-
gkh`t`m. ]ls hlty-lesplr`m e`labdfrbffm f`rs pckh`s tf
sbfp, mle` kem aktb`r ks k hfoouelty, ks w`cc ks pckh`s
tf hkcc bfo`. Qkcj tf tb` 4=-bfur okrj`t, blt tb` ayo,
drfws` sbfps kem `eify k vkrl`ty fg r`stkurkets.‟
–]` bfp`guc slm` fg tbls wfrj ls tbkt tb` okrj`t s``os
tf d` r`wkrmlea wbkt p`fpc` bkv` m`hlm`m ls affm urdke
prkhtlh`,‟ Okclzlk sklm. Gfr tbkt r`ksfe kem ftb`rs,
b` kmm`m, tb` tr`em olabt bkv` stkylea pfw`r `v`e ks
olcc`eelkcs ka`.
Le tb` o`ketlo`, tb` yfutb-mrlv`e myekolh stlcc bks
pc`ety fg rffo tf arfw. –Gfrty p`rh`et fg olcc`eelkcs
kr` r`h`et arkms clvlea wltb tb`lr pkr`ets le tb` sudurds
rlabt efw, dut okey fg tb`o wket urdke. ]` r`ksfe lt ls
k r`kc vlkdc` hbflh`, kem olabt eft af kwky ks tb`y okrryf, ks tbls a`e`rktlfe vkcu`s khh`ss ofr` tbke pfss`sslfe.
Lg yfu“r` letf pfss`sslfe, yfu e``m k dla bfus` tf stfr` kcc
yfur stu. Prdke alv`s yfu khh`ss.‟ Qkltlea gfr bls cuehb kofea tb` gffm-truhj tbrfea le
X`kttc`“s Kokzfelk, Hbrls Lv`rsfe, 8;, f`r`m k ofr` prkh-
tlhkc r`ksfe gfr stkylea hcfs` tf urdke ifd h`et`rs. –Gfr k
cft fg ml`r`et r`ksfes, p`fpc` t`em tf hbkea` ifds ofr`
gr`qu`etcy tb`s` mkys,‟ b` sklm. –\fu wket tf d` le k pckh`
wb`r` tb`r` kr` ftb`r fptlfes lg tb` fe` yfu bkv` ̀ ems fr
mf`se“t wfrj fut: fr sfo`tblea d`tt`r hfo`s kcfea. ]`
m`eslty alv`s p`fpc` k hfogfrt c`v`c tbkt tb`y hke em
sfo`tblea `cs` wltbfut ofvlea kwky.‟
Ks gfr wbkt bls a`e`rktlfe wlcc mf le tb` gutur`6 –L mfe“tjefw wb`tb`r lt wlcc ckst. Oy pkr`ets ofv`m tf tb` sud-
urds d`hkus` `v`ryfe` `cs` wks mflea lt. Qlcc w` mf tb`
sko` tblea6 L h`rtklecy mfe“t tblej `v`ryfe` wlcc. Dut tb`e
L hfucme“t sky gfr sur`.‟
Mkvlm K. Afcmd`ra ls tb` hfoouelhktlfes mlr`htfr
gfr ]rkespfrtktlfe gfr Ko`rlhk, k ektlfewlm` hfkcl-
tlfe dks`m le Qksbleatfe, M.H., tbkt kmvfhkt`s gfr
trkespfrtktlfe pfclhy r`gfro. Le 4>>4, Or. Afcmd`ra
wks kwkrm`m k Cf`d G`ccfwsblp kt Bkrvkrm Pelv`r-slty, wb`r` b` stuml`m urdke pfclhy.
]b` okrj`t s``os tf d` r`wkrmlea wbkt p`fpc`
bkv` m`hlm`m ls affm urdke prkhtlh`.
^bftf dy Mke T``m
^bftf dy Mke T``m
^bftf dy Mke T``m
Akltb`rsdura, Om.
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8/21/2019 Summer 2015: Economic Competitiveness
12/684 FE HFOOFE ATFPEM XPOO@T 4>;0
Dy Ifke Offe`y
Eft cfea kaf, Frckemf wks jefwe ks k
sprkwclea sfutb`re hlty. Gfr vlsltfrs,aflea grfo bft`cs tf Mlse`y Qfrcm tf
mfwetfwe r`qulr`m cfea mrlv`s. ]`r`
wkse“t ouhb ftb`r wky tf a`t krfuem
d`slm`s hkrs. Dlhyhclea Okakzle` rkej`m
Frckemf ks tb` s`hfem wfrst hlty gfr dlhyhclea le lts ;
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8/21/2019 Summer 2015: Economic Competitiveness
13/68
Ektlfewlm`, olcc`eelkcs kr` c`ss clj`cy tf fwe k hkr tbkedkdy dffo`rs w`r` kt tbkt ka`. Okey mfe“t `v`e dftb`r
wltb k mrlv`r“s clh`es`. ]` rkt` fg arkmuktlea blab shbffc
s`elfrs wltb k clh`es` mrfpp`m grfo 20 p`rh`et tf 18
p`rh`et d`tw``e ;, khhfrmlea tf tb` KKK
Gfuemktlfe gfr Blabwky Xkg`ty. Okey r`ksfes bkv` d``e
hlt`m gfr tb` mlolelsb`m let`r`st le hkr fwe`rsblp9 tb`
blab rkt` fg ue`opcfyo`et gfr yfuea p`fpc`: tb` pr`ss-
lea durm`e fg stum`et cfke m`dt: olcc`eelkcs“ pr`g`r`eh` gfr
clvlea le hltl`s, wb`r` pkrjlea ls fgt`e `xp`eslv` kem bkrm
tf em: kem tb`lr m`cky le a`ttlea okrrl`m kem bkvlea jlms.
Kutf wrlt`r Mr`w Qlet`r hkcc`m tb` sltuktlfe –tb` kutflemustry“s `xlst`etlkc tbr`kt.‟
Hkrs kr`e“t clj`cy tf mlskpp`kr keytlo` sffe. Dut okey hlt-
l`s tbkt kr` `ka`r tf arfw kem tf kttrkht yfuea tkc`et kr`
cffjlea tf mlv`rslgy tb`lr trkespfrtktlfe fptlfes. T`h`et
surv`ys sbfw tbkt“s k sokrt strkt`ay.
Le k 4>;= surv`y hfoolsslfe`m dy rkespfrtktlfe gfr
Ko`rlhk kem hfemuht`m dy Acfdkc Xtrkt ày Arfup, ofr`
tbke 2> p`rh`et fg olcc`eelkcs sklm lt ls lopfrtket gfr tb`lr
hlty tf f`r fppfrtueltl`s tf clv` kem wfrj wltbfut r`cylea
fe k hkr. Ofr` tbke bkcg wfucm hfeslm`r ofvlea tf keftb`rhlty lg lt f`r`m k wlm`r, d`tt`r rkea` fg trkespfrtktlfe
fptlfes. Kem twf-tblrms sklm khh`ss tf affm trkespfrtk-
tlfe ls fe` fg tb`lr tfp tbr`` hrlt`rlk wb`e hbffslea k
pckh` tf clv`.
Frckemf9 ]rkeslt k hb`kp`r wky tf arfw
Gfr Frckemf, gfhuslea fe trkeslt okj`s `hfefolh s`es`
d`hkus` tb` hfst tf `xpkem rfkmwkys ls sf blab. ‟Q` hke
drlea le dus rkplm trkeslt ZDT_ fr mf k prfi`ht clj` Xue-
Tklc Ztb` hlty“s hfoout`r rklc trkeslt prfi`ht_ gkr hb`kp`r
tbke kmmlea k blabwky,‟ sklm Dfee`tt. Lg tb` hlty wkets tfkmm hkpkhlty fe lts DT cle`s, dus`s iust bkv` tf rue ̀ v`ry
;> oleut`s lest`km fg `v`ry ;0, kmm`m tb` hlty“s m`puty
mlr`htfr fg ̀ hfefolh m`v`cfpo`et G.I. Gcyee. ]kt“s ouhb
`ksl`r tbke trylea tf `xpkem ke let`rs`htlfe.
XueTklc iust fp`e`m k y`kr kaf kem hurr`etcy bks ;4 stk-
tlfes hfv`rlea 8; olc`s. wf `xpkeslfes kr` pckee`m,
fe` tf tb` upp`rwkr` b`kmqukrt`rs futslm` tb` hlty kem
keftb`r tf tb` klrpfrt. C\OOF, Frckemf“s gr`` mfwetfwe
Olcc`eelkcs sklm lt ls lopfrtket gfr
k hlty tf fgg`r fppfrtueltl`s tf clv`
kem wfrj wltbfut r`cylea fe k hkr.
^bftf dy ^ko Drfvlkj
^bftfs hfurt`sy fg Wlslt Frckemf
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8/21/2019 Summer 2015: Economic Competitiveness
14/68= FE HFOOFE ATFPEM
dus hlrhucktfr, fp`rkt`s le m`mlhkt`m cke`s kem hkrrl`s ofr`
tbke k olcclfe pkss`ea`rs k y`kr.
E`w r`slm`etlkc kem hfoo`rhlkc prfi`hts bkv` m`v`cfp`m
krfuem trkeslt stfps, lehcumlea sfo` fe ckem tbkt bkm cfea
skt vkhket. K $0=-olcclfe kpkrto`et hfopc`x, ]` Hr`s-
h`et, wks dulct e`xt tf tb` okle XueTklc stktlfe, khrfssgrfo tb` hfurtbfus`.
–Ouctlgkolcy m`v`cfp`rs kr` pkylea k pr`oluo tf m`v`cfp
krfuem trkeslt stfps,‟ Dfee`tt sklm. Ouctlgkolcy bfus-
lea ls kt olcclfe le prlvkt` hkpltkc lev`sto`et le tb` pkst
tbr`` y`krs krfuem XueTklc stktlfes kem DT stfps. ]kt
lehcum`s ouctlgkolcy bfuslea, hfoo`rhlkc m`v`cfpo`et,
bft`cs kem fh`s.
wf okifr kr`k ̀ opcfy`rs, Gcfrlmk Bfspltkc kem FrckemfB`kctb, kr` uem`raflea oksslv` `xpkeslfes. –L mfe“t d`cl`v`
tbfs` `xpkeslfes wfucm bkv` d``e pfssldc` wltbfut tb`
trkeslt hfopfe`et,‟ sklm Dfee`tt. Dftb hfopkel`s cffj`m
kt vkrlfus cfhktlfes kem hbfs` Frckemf le pkrt d`hkus` fg
lts prfxlolty tf k rfdust trkeslt e`twfrj, Gcyee kmm`m.
T`m Cfdst`r r`h`etcy ofv`m lts b`kmqukrt`rs grfo uele-
hfrpfrkt`m Frkea` Hfuety tf mfwetfwe Frckemf. Qb`e
k s`krhb t`ko stkrt`m cffjlea k y`kr kaf kt ml`r`et cfhk-
tlfes le tb` o`trf kr`k wb`r` tb` hfopkey hfucm ̀ xpkem,
tb`y je`w tbkt k huclekry m`v`cfpo`et h`et`r ” wltb k
t`st jlthb`e kem trklelea h`et`r gfr okeka`rs ” wfucm
d` fp`elea tbls suoo`r.
–Khh`ss tf blabwkys kem trkespfrtktlfe wks ke lopfrtket
hfeslm`rktlfe gfr us,‟ sklm Bfrkh` Mkwsfe, T`m Cfdst`r“s
`x`hutlv` vlh` pr`slm`et fg c`akc kem `xt`rekc kklrs. ]`
e`w cfhktlfe f`rs khh`ss tf tb` hlty“s gr`` dus syst`o kem
ls khrfss grfo k XueTklc stktlfe.
–Z@opcfy``s_ kr` r`kccy `xhlt`m kdfut tb` cfhktlfe d`hkus`
lt“s sf h`etrkccy cfhkt`m, kem d`hkus` fg tb` okey ar`kt
fptlfes gfr trkespfrtktlfe,‟ Mkwsfe sklm. ]` hfopkey
bks ̀ ehfurka`m wfrj`rs tf us` XueTklc, levltlea XueTklc
r`pr`s`etktlv`s tf sp`kj kt hfopkey b`kmqukrt`rs kem
bfstlea k XueTklc rk` gfr `opcfy``s.
E`w r`slm`etlkc kem hfoo`rhlkc
prfi`hts bkv` m`v`cfp`m
krfuem trkeslt stfps.
^bftf dy Oktt Ifbesfe
^bftfs hfurt`sy fg Wlslt Frckemf
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8/21/2019 Summer 2015: Economic Competitiveness
15/68XPOO@T 4>;0
T`m Cfdst`r ls pckeelea tf blr` ke kmmltlfekc 0> tf 1> e`w
`opcfy``s le tb` e`xt g`w y`krs, kem Mkwsfe tblejs tb` cfhk-tlfe kem khh`ssldlclty tf trkeslt wlcc b`cp wltb r`hrulto`et
” `sp`hlkccy sleh` okey fg tb` pfsltlfes kr` le L kem kr`
clj`cy tf d` cc`m dy olcc`eelkcs.
–]`y kr` let`r`st`m le kct`rektlv`s tf mrlvlea kem pkrjlea,‟
b` sklm.
]wle Hltl`s9 T`ture fe lev`sto`et hfevleh`s prlvkt` s`htfr
Qb`e tb` Ltkshk r̂fi`ht, ke `hfefolh m`v`cfpo`et arfup
le tb` wle Hltl`s, wket`m tf em fut lg trkeslt lev`sto`et
pklm f, tb` arfup mlm wbkt okm` s`es` gfr tb` dusle`ss
c`km`rs9 Lt hfoolsslfe`m k r`pfrt sbfwlea tb` prfi`ht`m
r`ture fe lev`sto`et. ]` Ltkshk ̂ rfi`ht kcsf lehcum`s c`km-
`rs grfo gfuemktlfes kem tb` pudclh s`htfr.
]` euod`rs le tb` r`pfrt w`r` hc`kr9 K $=.=-dlcclfe lev`st-
o`et le k r`alfekc trkeslt syst`o wfucm yl`cm $7.7 dlcclfe
tf $;>.; dlcclfe le tftkc mlr`ht d`e`ts grfo 4>8> tf 4>=0.
Lg tb` lev`sto`et wks khh`c`rkt`m kem $0.8 dlcclfe wks
lev`st`m dy 4>48, tb` r`ture wfucm d` ̀ v`e ar`kt`r ” $;>.2
dlcclfe tf $;7.0 dlcclfe.
]` r`pfrt cffj`m kt v`blhc` fp`rktlea hfsts: trkv`c tlo`s
kem r`clkdlclty: sblpp`rs kem cfalstlhs hfsts: `olsslfes: skg`ty
hfsts: kem rfkm pkv`o`et hfemltlfes. T`s`krhb`rs kcsf gfuem
tbkt k r`alfekc trkeslt syst`o wfucm ̀ ekdc` cfhkc ̀ opcfy`rs
tf khh`ss ke kmmltlfekc 0>>,>>> `opcfy` s̀, ke lehr`ks` fg
up tf 40 p`rh`et.
–Lt“s ueusukc tf bkv` tb` prlvkt` s`htfr tkcjlea kdfut tbls,‟
sklm Iuclk Xlcvls, Ltkshk ^rfi`ht okeka`r. –]ls ls sfo`tblea
tbkt a`ts fur o`od`rs ̀ xhlt`m kdfut tb` kekcysls d`hkus` lt“s
sf gkht-dks`m. Lt“s uslea k gkolclkr o`tbfm, TFL.‟
]` r`pfrt r`ofv`s tb` krauo`et tbkt trkeslt ls eft wfrtb
tb` hfst, Xlcvls sklm. ]` Ltkshk ^rfi`ht us`m tb` TFL legfr-
oktlfe tf pusb gfr ofr` lev`sto`et le trkeslt ks k wky tf
arfw tb` cfhkc `hfefoy.
C`ss tbke twf y`krs kgt`r tb` r`pfrt wks pudclsb`m, tb` wle
Hltl`s fp`e`m k s`hfem clabt rklc cle` ” tb` Ar``e Cle`, grfo
Olee`kpfcls tf Xt. ^kuc ” tbkt bks gkr `xh``m`m rlm`rsblp
prfi`htlfes. D`gfr` lt ̀ v`e fp`e`m k y`kr kaf, m`v`cfp`rs bkm
sp`et $4.7 dlcclfe fe hfestruhtlfe kcfea tb` ;;-olc` rfut`.
Cfhktlfe kem khh`ssldlclty tf trkeslt
wlcc b`cp wltb tkc`et r`hrulto`et.
^bftfs hfurt`sy fg O``t Olee`kpfcls
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8/21/2019 Summer 2015: Economic Competitiveness
16/687 FE HFOOFE ATFPEM
wf ofr` clabt rklc cle`s kr` le tb` pckeelea prfh`ss.
Keftb`r DT cle` bks fp`e`m, kem twf ofr` oky
d` kmm`m.
]` Ltkshk ^rfi`ht ls eft sfc`cy gfhus`m fe trkespfrtk-
tlfe. Fe` fg lts afkcs ls tf kttrkht ofr` yfuea p`fpc`
kem e`w dusle`ss. Qb`e r`s`krhb`rs surv`y`m yfueaprfg`sslfekcs ckst y`kr, tb`y gfuem tbkt bkvlea ofr`
trkespfrtktlfe fptlfes wks k wky tf kttrkht tkc`et.
T`hrult`rs kt tb` r`alfe“s ckra`st `opcfy`rs ” kr-
a`t, Pelt`m B`kctb, 8O ” sklm le gfhus arfups tbkt
yfuea wfrj`rs kr` cffjlea gfr k wkcjkdc` urdke `evl-
rfeo`et wb`r` tb`y mfe“t bkv` tf m`p`em fe k hkr, sklm
^kuck Mfw`cc, c`km kutbfr fg tb` wle Hltl`s r`pfrt
kem mlr`htfr fg trkespfrtktlfe `hfefolhs kt Hkodrlma`
Xyst`oktlhs Leh.
Efrokc, Lcc.9 Ouctlofmkc trkeslt lse“t iust gfr dla hltl`sLe ;
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8/21/2019 Summer 2015: Economic Competitiveness
17/68XPOO@T 4>;0
K dla pkrt fg tb` sustklekdlclty
pusb wks lev`stlea le mlgg`r`et
gfros fg trkespfrtktlfe.
tb` H`etrkc Dusle`ss Mlstrlht. Ke Kotrkj stktlfe wks
kcr`kmy tb`r`, kem tb` r`vltkclzktlfe pcke hkcc`m gfr dftbtb` cfhkc kem r`alfekc dus bud tf d` cfhkt`m le tb` sko`
spft. K blab-sp``m rklc cle` ls d`lea m`v`cfp`m tbkt wlcc
rue d`tw``e Hblhkaf kem Xt. Cfuls, wltb k stfp le Efr-
okc. ]` hlty bks kcsf okm` tb` mfwetfwe (efw hkcc`m
Pptfwe) ofr` wkcjkdc` kem dlhyhc` grl`emcy. K 8>-olc`
dlhyhc` kem p`m`strlke pktb rues tbrfuab tb` h`et`r.
–Q “̀v` okm` k dusle`ss hks` gfr tb`s` tbleas,‟ ̂ `t`rsfe
sklm. –]` `evlrfeo`etkc tblea ls iust k dfeus. Lg tb`
dusle`ss hks` lse“t tb`r`, lt“s aflea tf d` bkrm gfr tb`
afv`reo`et tf d` tb` c`km`r.‟Efw, sklm ^`t`rsfe, –Pptfwe ls fflfurlsblea.‟ ]` hlty
bks lev`st`m $;>> olcclfe le pudclh ofe`y le tb` pkst
;> y`krs ” k sudstketlkc kofuet gfr k hlty fg 0=,>>>.
^rlvkt` hfopkel`s bkv` lev`st`m ofr` tbke $4>> olc-
clfe, kem ofr` ls pckee`m. ]`r` ls k e`w Okrrlftt:
k Byktt: k olx`m-us` dulcmlea wltb r`tklc fe tb` rst
fflffr, uelv`rslty fh`s fe tb` s`hfem fflffr kem tbr``
fflffrs fg r`slm`etlkc kdfv`: keftb`r olx`m-us` dulcmlea:
k v`-stfry r`slm`etlkc struhtur`: kem vkrlfus sokcc`r
hfoo`rhlkc dulcmleas. ̂ rfp`rty vkcu`s le tb` Pptfwekr`k bkv` iuop`m dy 40 tf 0> p`rh`et.
]` trkespfrtktlfe h`et`r –bks d``e k tr`o`emfus
`hfefolh ̀ eale`, eft fecy gfr mfwetfwe dut gfr tb`
wbfc` r`alfe,‟ sklm ^`t̀ rsfe. –Q` kttrkht pkss`ea`rs
grfo k 7>-olc` rkmlus.‟ Okey hfeg`r`eh`s hfo` tf
Efrokc ” k gucc-s`rvlh` hfeg`r`eh` h`et`r bks d``e
dulct ” d`hkus` lt“s r`khbkdc` dy trkle.
–Q` w`r` k sc``py clttc` hkopus tfwe,‟ ^`t`rsfe sklm.
–Efw w`“v` aft tkcc dulcmleas, w`“v` aft k mlv`rs`
arfup fg sbfps kem r`stkurkets. Q`“v` hbkea`mmrkoktlhkccy le tb` ckst ;0 y`krs.‟ Kem k ckra` pkrt
fg tbkt hfo`s grfo tb` gfhus fe kct`rektlv` gfros
fg trkespfrtktlfe.
Ifke Offe`y ls k gr``ckeh` wrlt`r wbf bks wrlt-
t`e `xt`eslv`cy kdfut trkespfrtktlfe gfr Prdke
Ckem okakzle` kem ftb`r pudclhktlfes. Xb` kcsf
wrft` tb` EKT“s wkt`r legrkstruhtur` tffcjlt.
Hfurt`sy fg Wlslt Frckemf
Hfurt`sy fg O``t Olee`kpfcls
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8/21/2019 Summer 2015: Economic Competitiveness
18/682 FE HFOOFE ATFPEM XPOO@T 4>;0
Dy A.O. Glclsjf
Qb`tb`r lt“s k hlty hfop`tlea gfr
r`slm`ets fr k m`v`cfp`r cclea kprfp`rty, tb` gfhus fg tb` gutur`
oky d` hfop`tlea gfr olcc`eelkcs,
fr Ko`rlhkes ka`m ;2-88, alv` fr
tkj` m`p`emlea fe wbf“s mflea tb`
m`elea. Dut olcc`eelkcs kr` k trlhjy duehb tf hfee`ht
wltb d`hkus` tb` Ar`kt T`h`sslfe blt tb`o bkrm kem c`gt
tb`o wltb c`ss ofe`y tf mf tb` tbleas tb`y“m clj` tf mf.
Qby sf strkpp`m6 Olcc`eelkcs kr` ofr` `muhkt`m tbke
prlfr a`e`rktlfes, kem okey bkv` afe` m``p letf m`dt
tf guem tb`lr `muhktlfe, khhfrmlea tf 4>;= mktk grfo
tb` ^`w T`s`krhb H`et`r. ]`e tb`r`“s tb` ifd okrj`t.]` fv`rkcc ue`opcfyo`et rkt` gfr wfrj`rs ka`m ;2-8=
p`kj`m kt ofr` tbke ;8 p`rh`et le 4>;>, khhfrmlea tf
Qblt` Bfus` mktk. Ks fg X`pt`od`r 4>;=, tb` ofst r`h`et
trkhjlea p`rlfm, lt bkm hfo` mfwe tf 2.7 p`rh`et.
Olcc`eelkcs kr` wlcclea tf trkm` spkh` gfr khh`ss tf
trkeslt kem k wkcjkdc`, olx`m-us` clg`styc`.
T@MPH LEA @W@T\MK\ HFX]X
GFT KGGFTMKDC@ E@LABDFTBFFMX
Okey olcc`eelkcs slopcy bkv` tf mf ofr` wltb c`ss,
sf tb`y“r` lehr`ksleacy okjlea trkm`fs. –]`y s``o ofr` wlcclea tbke ftb`r hfbfrts tf trkm` spkh` gfr khh`ss tf
trkeslt kem k wkcjkdc`, olx`m-us` clg`styc`,‟ skys Xtfhjtfe
Qlcclkos, `x`hutlv` mlr`htfr fg tb` Prdke Ckem Lestl-
tut`“s ̀ rwlccla`r H`et`r gfr Bfuslea le Qksbleatfe, M.H.
–Lt mf`se“t e`h`sskrlcy o`ke tb`y“r` kcc skylea tb`y wket tf
clv` le mfwetfwe h`etrkc hltl`s. Lt hke d` sokcc`r tfwes
fr sudurdke tfwes tbkt bkv` tb`s` g`ktur`s.‟
Xtlcc, olcc`eelkcs wket p`rjs, ̀ v`e lg tbkt o`kes bkvlea tf
sbkr` tb`o. –L tblej tb` okifr tr`em ls tbkt keytblea tbkt“s
sbkr`kdc`, olcc`eelkcs kr` e` wltb lt d`lea sbkr`m,‟ hfe-
t`ems Jlyfjf Guilourk, k olcc`eelkc b`rs`cg kem E`w \frjHlty-dks`m `x`hutlv` vlh` pr`slm`et fg DuzzDuzzBfo`,
k r`slm`etlkc hfestruhtlfe clstlea s`rvlh`.
]kt wlccleae`ss tf sbrlej fr sbkr` tf pursu` k blab`r
qukclty fg clg` fv`rkcc ls duttlea up kaklest cfea-stkemlea
M`v`cfp`rs kem pckee`rs kr` wfrjlea tf prfvlm` eft iust k pckh` tf clv` dut k clg`styc`
” kem tf okj` lt khh`ssldc` gfr tfmky“s duma`t-hfeshlfus olcc`eelkcs.
Hfurt`sy fg WLXL] M@EW@T
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8/21/2019 Summer 2015: Economic Competitiveness
19/68
r`aucktlfes, suhb ks olelouo slz` r`qulr`o`ets gfr r`s-
lm`etlkc uelts. \`t hbkea` ls le tb` klr, kem tb` dlaa`st
qu`stlfe tfmky oky d` bfw gkr lt wlcc af.
Ef hkr6 Ef prfdc`o
Olcc`eelkcs kr` k dla arfup, sf a`e`rkclzlea kdfut tb`ohke a`t mlh`y, wkres Qlcclkos. ]kt sklm, sfo` a`e`rkc-
lzktlfes t. ]`y mfe“t hfv`t hkrs clj` tb`lr `cm`rs mlm,
lest`km gkvfrlea vkstcy c`ss `xp`eslv` pudclh-trkeslt kem
rlm`-sbkrlea fptlfes clj` YlpHkr kem Pd`r.
Le 4>;>, 4;- tf 8=-y`kr-fcms dfuabt iust 41 p`rh`et fg
kcc e`w v`blhc`s sfcm le tb` Pelt`m Xtkt`s, mfwe grfo
k blab fg 82 p`rh`et le ;>; kem 4>>;= r`pfrt dy Hkcplra, k pudclh let`r`st r`s`krhb arfup.]` r`pfrt kcsf eft`s tb` p`rh`etka` fg blab shbffc s`elfrs
wltb mrlv`r“s clh`es`s mrfpp`m grfo 20 p`rh`et tf 18 p`r-
h`et d`tw``e ;.
–]`r`“s r`ksfe tf d`cl`v` olcc`eelkcs kr` k clttc` c`ss `eko-
fr`m wltb hkr t`hbefcfal`s kem k clttc` ofr` `ekofr`m
wltb hfoouelhktlfes t`hbefcfal`s,‟ hfet`ems fmm
Cltoke, `x`hutlv` mlr`htfr fg tb` Wlhtfrlk rkespfrt
^fclhy Lestltut` le Drltlsb Hfcuodlk, Hkekmk. –Lg tb`y“r`
ekehlkccy hfestrkle`m, wblhb tb`y kr`, k efeslaelhket
euod`r wfucm rktb`r bkv` k elh` hfoput`r fr ofdlc`
pbfe` tbke k hkr.‟
Olcc`eelkcs kr` kcsf dla letf w`cce`ss. ]`y“r` `x`rhls-lea ofr` kem `ktlea sokrt`r tbke pr`vlfus a`e`rktlfes,
r`pfrts Afcmoke Xkhbs le tb` 4>;0 kekcysls –Olcc`eelkcs
Hfolea fg Ka`.‟ ]`y“r` cffjlea gfr ofr` gr`sb, ektu-
rkc, kem frakelh gffms, khhfrmlea tf k 4>;4 I``rl`s Kclx
^krte`rs stumy.
Qltb tb`lr tble wkcc`ts olsokthb`m wltb tb`lr dfcm clg`-
styc` m`slr`s, olcc`eelkcs kr` s``jlea tf clv` le hltl`s tbkt
olabt surprls` yfu. –Lg yfu pucc up clsts fg tb` tfp ;>
hltl`s gfr olcc`eelkcs, tb`y kcc lehcum` E`w \frj kem Xke
Grkehlshf,‟ skys Qlcclkos. –Dut tb`y kcsf lehcum` pckh`s
clj` Tkc`lab, E.H.: Kustle, `xks: M`ev`r: kem Xkct Ckj`Hlty ” pckh`s tbkt 0-;> y`krs kaf wfucme“t bkv` d``e
khtlv`cy hfop`tlea fr suhh`ssguccy a`ttlea r`h`et hfcc`a`
arkmukt`s. ^krt fg tb` r`ksfe tb`y“r` hfop`tlea ls d`hkus`
tb` hfst fg bfuslea ” wb`tb`r lt“s fwelea fr r`etlea ” ls
fgt`e cfw`r. ]kt d`hfo`s fe` lopfrtket strkt`alh `hf-
efolh m`v`cfpo`et tffc.‟
Olcc`eelkcs mfe“t hfv`t hkrs kem
kr` dla letf w`cce`ss.
Hfurt`sy fg Ylphkr
^bftf dy @m \furmfe
^bftf dy @m \furmfe
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8/21/2019 Summer 2015: Economic Competitiveness
20/68> FE HFOOFE ATFPEM
]fmky“s ofttf9 Xokcc ls dla
Olcc`eelkcs kr` kcsf mfweslzlea tf okj` `ems o``t, sfo`-
tblea T@KCFT® Xhftt ure`r bks c`kre`m rst-bkem.
Xhftt fwes Tlv`rslm` Bfo`s, wblhb sp`hlkclz`s le urdke
lecc m`v`cfpo`et, kem ls drfj`r-fwe`r fg tb` ;>-ka`et
ure`r T`slm`etlkc, dftb le Kustle. B` r`h`etcy dulct gfurbfo`s fe twf cfts le @kst Kustle ” twf w`r` ;,7>>
squkr` g``t, kem tb` ftb`r twf w`r` 20> squkr` g``t ”
wblhb b` frakelz`m letf k hfemf kssfhlktlfe.
–]` m`okem gfr tb` sokcc`r bfo`s wks `efrofus, kem
olcc`eelkcs dfuabt tb`o,‟ b` skys. –Olcc`eelkcs kr` ouhb
ofr` wlcclea tf okj` tb` cfhktlfe-fv`r-spkh` trkm`-f
tbke prlfr a`e`rktlfes. ]`y“r̀ bkppy wltb c`ss spkh` kem
c`ss stu. Q` gfuem tbkt 20> squkr` g``t wltb twf d`m-
rffos kem fe` dktb ls e` lg lt“s le k affm cfhktlfe.‟
ure`r“s dueakcfws kr` wltble wkcjlea mlstkeh` fg k
clabt rklc stktlfe kem dkrs kem r`stkurkets pfpuckr wltb
4>-sfo`tbleas. –]`r`“s kcsf k arfh`ry stfr` wltble wkcj-
lea mlstkeh`, wblhb ls v`ry lopfrtket le ̀ xks, wb`r` w`
clj` fur hkrs,‟ b` skys. –]`r`“s k hlty-m`slaekt`m dlj` cke`
aflea le rlabt e`xt tf tb`s` bfus`s, tff.‟
]` bfo`s g`ktur`m f-str``t pkrjlea ” o`kelea k
mrlv`wky ” dut ef akrka`s fr hfv`r`m pkrjlea. –L aft
Olcc`eelkcs kr` mfweslzlea tf
okj` `ems o``t.
^bftf dy @mwkrm Okf
T@KC]FT® Xhftt ]ure`r“s sokcc dueakcfws le Kustle kr` wltble
wkcjlea mlstkeh` fg k clabt rklc stktlfe kem dkrs kem
r`stkurkets pfpuckr wltb 4>-sfo`tbleas.
Hfurt`sy fg Kustle Hfev`etlfe & Wlsltfrs Dur`ku
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8/21/2019 Summer 2015: Economic Competitiveness
21/68XPOO@T 4>;0
ef pusbdkhj grfo tb` okrj`t fe tbkt,‟ skys ure`r.
–]` hkr iust lse“t ks lopfrtket tf olcc`eelkcs, efr ls tb`
e``m tf us` tb` akrka` gfr stfrka`.‟
]` dlaa`st surprls` gfr ure`r6 K olcc`eelkc duy`r gfr fe`
fg tb` twf ckra`r bfo`s wket`m tf d` sur` pr`-purhbks`
tbkt sb` hfucm pfst b`r bfo` fe sbfrt-t`ro r`etkc slt`s
clj` Bfo`kwky kem Klrded. ^`rbkps d`hkus` Bfo`kwky
ls dks`m le tb` hlty, ure`r eft`s, Kustle p`rolts lt. Dut
fwe`rs bkv` tf r`alst`r tb`lr bfo`, kem k clolt`m euod`r
fg p`rolts kr` lssu`m le `khb zlp hfm`. –Q` bkm tf ko`em
tb` hfemf mfhuo`ets tf lehcum` tb` prfvlslfe, sf w`
bkm tf ksj tb` twf sokcc`r-uelt fwe`rs gfr p`rolsslfe,‟
b` r`hkccs. –]`y kcr`kmy kssuo`m tb`y hfucm mf tbkt.‟
Xokcc af`s ckra` shkc`
Iflelea ure`r le tblejlea sokcc kr` m`v`cfp`rs krfuem
tb` hfuetry hr`ktlea kcc gfros fg hfopkht bfuslea. Olhrf
bfuslea ls pfpplea up le hltl`s ektlfewlm`. Khhfrmlea tf
k 4>;8 PCL r`pfrt, –]` Okhrf Wl`w fe Olhrf Pelts,‟
tb`r`“s ef stkemkrm m`eltlfe, tbfuab k wfrjlea m`el-
tlfe ls k stumlf kpkrto`et typlhkccy c`ss tbke 80> squkr`
g``t wltb k guccy guehtlfelea kem khh`ssldlclty hfopclket
jlthb`e kem dktbrffo. (Lt mf`se“t lehcum` sleac`-rffo-
fhhupkehy uelts wltb hfoouekc jlthb`e fr dktbrffo
gkhlcltl`s.) ]` tkra`t okrj`t ls uem`r-8>-y`kr-fcm prfg`s-
slfekcs ” sj`w`m sclabtcy ofr` okc` tbke g`okc`. Ofstslae up tf swkp cfw`r r`et gfr k m`slrkdc` cfhktlfe kem
tb` kdlclty tf clv` kcfe`.
Ofekmefhj M`v`cfpo`et, wfrjlea wltb ofmuckr bfus-
lea m`v`cfp`r Hkpsys, wlcc fp`e dy 4>;7 Oy Olhrf E\,
k ele`-stfry ofmuckr dulcmlea le Okebkttke wltb 00
uelts, r`pfrts fdlks Frlwfc, tb` prfi`ht m`v`cfp`r. Pelts
wlcc rkea` grfo 47> tf 87> squkr` g``t kem g`ktur` ele`-
pcus-gfft h`lcleas, Iucl`tt` dkchfel`s, blab-`em let`rlfr
elsb`s, kem khh`ssldc` dktbrffos. ]` dulcmlea wlcc kcsf
bfst k te`ss rffo, k dusle`ss h`et`r kem stumy kr`k, dlj`
stfrka`, stfrka` cfhj`rs, ke futmffr arfuem-fflffr pktlf,kem ke futmffr suem`hj fe tb` `labtb fflffr kttkhb`mtf k skcfe wb`r` r`slm`ets hke aktb`r. –T`slm`ets kr`e“t
aflea tf bfst k ;4-p`rsfe mlee`r le tb` skcfe `v`ry mky
fr `v`ry w``j,‟ skys Frlwfc. –Dut tb`y sbfucm bkv` tb`
fppfrtuelty tf mf tbkt.‟
T`ets kr`e“t s`t y`t. Frlwfc skys e`labdfrbffm uelts wltb
hfopkrkdc` ko`eltl`s wfucm hfo` le kt kdfut $8,4>>
p`r ofetb, dut Oy Olhrf E\ r`ets kr` `xp`ht`m tf d`
M`v`cfp`rs krfuem tb` hfuetry kr` hr`ktlea kcc gfros fg hfopkht bfuslea.
Hfurt`sy fg tb` Hlty fg Hkro`c, Lem.
d`cfw tbkt. –]` wbfc` pflet ls tf fp`e k e`w c`v`c fg
kfrmkdlclty dy `xpkemlea tb` slz` fptlfes,‟ b` skys.–]`r` wlcc d` olcc`eelkcs gfr wbfo tbls ls k affm t.
Q` kcsf tblej tb` e``m gfr tb`s` typ`s fg uelts ls sf ar`ktle E`w \frj Hlty tbkt tb` kpp`kc wlcc d` khrfss kcc ka`skem e`labdfrbffms.‟
K slolckr prfi`ht hr`kt`m dy Q`Qfrj kem WfrekmfT`kcty rust ls uem`rwky le tb` Qksbleatfe M.H. sud-
urd fg Hrystkc Hlty, khhfrmlea tf k M`h`od`r 4>;= QkccXtr``t Ifurekc r`pfrt. Q`Qfrj ls r`pfrt`mcy `xpkemlealts olhrf-fh`-pcus-sbkr`m-hfoofe-spkh` hfeh`pt tf k404-uelt r`slm`etlkc dulcmlea ” pr`suokdcy r`etkcs ”
`xp`ht`m tf fp`e le olm-4>;0. Fe tb` mrkwlea dfkrm lsk ;4-stfry dulcmlea wltb okey sbkr`m jlthb`es, ke krhkm`,ke b`rd akrm`e kem k cldrkry.
–L“v` s``e olhrf-uelt m`v`cfpo`ets tkjlea fut `e-sult`ckuemry kem puttlea le sbkr`m ckuemry,‟ skys Guilourk.
Oy Olhrf E\ wlcc fp`e dy 4>;7
wltb k ele`-stfry ofmuckr dulcmlea
le Okebkttke wltb 00 olhrf uelts.
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–]`r`“s k sokrtbfus` le frfetf r`muhlea tb` slz` fg
mlsbwksb`rs dy lehcumlea bkcg-slz` mlsbwksb`r mrkw`rs.
Lt“s kcc kdfut r`muhlea tb` slz` fg tb` prlvkt` spkh` dut
prfvlmlea kcc tb` ko`eltl`s yfu“m bkv` le k efrokc hfemf.
Olcc`eelkcs mfe“t e``m prlvkt` spkh`, dut tb`y clj` ko`el-
tl`s kem hfev`el`eh`. M`v`cfp`rs kr` m`elt`cy clst`elea.‟
ley bfus`s kcsf t tb` tr`em, dut tb`y oky d` ofr` fg k
gkm tbke k tru` bfuslea kct`rektlv`. –]`y“r` eft hfoofe,
kem L mfudt tb`y“cc ̀ v`r d` k sudstketlkc pkrt fg tb` bfuslea
okrj`t,‟ skys Oktt J`ccy, k pfclhy kekcyst kem r`s`krhb`rkt Gcfrlmk Xtkt` Pelv`rslty le kcckbkss``. –L s`` tb`o ks k
slae fg tb` tlo`s rktb`r tbke ke khtukc, sudstketlkc tr`em.
]`y“r` k slae yfuea p`fpc` kr` strkpp`m wltb m`dt, kem
tb` OhOkeslfe bks d`hfo` ouhb c`ss kpp`kclea.‟
J`ccy ls hkr`guc tf mlstleaulsb d`tw``e olhrf-bfuslea
kem tley bfus`s. –Le pckh`s clj` X`kttc`, ofr` olhrf-
bfuslea uelts kr` pfpplea up, kem tbkt mf`s s``o tf
d` k vlkdc` fptlfe,‟ b` skys. –Xokcc`r kem sokcc`r squkr`
gfftka` s``os tf d` vlkdc` gfr sbfrt-t`ro y`kr kpkrt-
o`et c`ks`s d`hkus` tb`r` e``ms tf d` k cfw-lehfo`
bfuslea kct`rektlv`.‟
Hltl`s scfwcy a`ttlea fe dfkrm
Qbf“s tf sky olcc`eelkcs sbfucme“t clv` le hfopkht qukr-
t`rs6 –]` zfelea kutbfrlty ls wbf,‟ skys J`ccy.
]`r`“s tb` rud. ]` dlaa`st lop`mlo`ets tf m`v`cfp`rs
r`spfemlea tf olcc`eelkcs“ e``ms kr` cfhkc zfelea ruc`s.
–]` trka`my ls tbkt d`hkus` hurr`et m`v`cfpo`et pfclh`s
okj` lt v`ry mlhuct tf dulcm khh`ssldc`, kfrmkdc` bfus-
lea, olcc`eelkcs kr` fgt`e gkh`m wltb `ltb`r pkylea ofr`
tbke tb`y hke kfrm fr hbffslea bfuslea le k cfhktlfetb`y mfe“t r`kccy clj`, suhb ks le tb` sudurds,‟ skys Clt-
oke. –Fr tb`y a`t tff g`w ko`eltl`s. Lt wfucm d` affm
gfr `v`rydfmy lg m`v`cfp`rs w`r` kdc` tf m`v`cfp ofr`
khh`ssldc`, kfrmkdc` bfuslea.‟
]` hbkcc`ea` r`okles hurr`et r`slm`ets“ ketlpktby tf
us`s tb`y p`rh`lv` wfucm hbkea` tb` hbkrkht`r fg tb`lr
e`labdfrbffm. –Le okey kr`ks, tb`r`“s stlcc bua`, bua`
r`slstkeh` tf hbkea`s tbkt p`rolt lehr`ks`s le m`eslty,
suhb ks kccfwlea k olx fg ouctlgkolcy kem sleac`-gkolcy
uelts kem dulcmlea blab`r tbke tbr`` stfrl`s,‟ skys Cltoke.
]kt“s hbkealea, dut ̀ v`r sf scfwcy. Le Kuaust 4>;=, Xpur,
`xks, r`ofv`m lts squkr`-gfftka` r`aucktlfes kem prf-
hcklo`m lts`cg k –tley-bfus` grl`emcy tfwe,‟ eft`s J`ccy.
Ftb`r hltl`s kr` okjlea clolt`m `xh`ptlfes tf zfelea
r`qulr`o`ets. E`w \frj Hlty wklv`m lts =>>-squkr`-gfftolelouo spkh` r`qulr`o`et gfr tb` kmK^ hfop`tl-
tlfe, grfo wblhb ̀ o`ra`m Oy Olhrf E\. –]` dulcmlea
ls o`ket tf d` k plcft prfi`ht tf kss`ss tbleas clj` bfw
w`cc tbls hfeh`pt ls r`h`lv`m kem tb` qukclty fg clg` gfr
r`slm`ets,‟ skys Frlwfc. –Lg kcc af`s w`cc, tb` lm`k ls tbkt
pckee`rs wlcc r`vlslt tb` hlty“s zfelea ckws sf m`v`cfp`rs
hke dulcm sokcc`r uelts ks fg rlabt.‟
E`w \frj Hlty ls khtukccy d`blem tb` r`st fg tb` hfuetry,
skys Frlwfc. Xke Grkehlshf pkss`m c`alscktlfe kccfwlea
kpkrto`ets ks sokcc ks 44> squkr` g``t, khhfrmlea tf tb`
PCL olhrf-bfuslea stumy, lg 1> squkr` g``t ls kccfhkt`mtf k dktbrffo kem jlthb`e. X`kttc` kem ̂ frtckem bkv` ef
olelouo slz` r`qulr`o`ets, wblhb PCL skys prfdkdcy
`xpckles wby tb`y“r` –twf fg tb` d`st `xkopc`s fg hltl`s
m`ofestrktlea k tr`o`emfus kofuet fg ̀ xp`rlo`etktlfe
wltb v`ry sokcc uelts.‟
Le Kustle, ure`r wks kdc` tf m`v`cfp gfur bfo`s fe twf
cfts le pkrt d`hkus` tb` twf sokcc`r bfo`s qukcl`m ks
khh`ssfry mw`cclea uelts, kcsf hkcc`m akrka` kpkrto`ets,
^bftf dy Okrj Bfake
^bftf dy lrffsbjk
Ke khh`ssfry mw`cclea uelt ls
k wky gfr olcc`eelkcs tf kggfrm
tf clv` le e`labdfrbffms wb`r`
tb`y“m ftb`rwls` d` prlh`m fut.
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arkeey fflkts, fr au`st bfus`s. –Fe fe` cft, dy zfelea L
hke dulcm k sleac`-gkolcy bfo` pcus ke khh`ssfry mw`cc-
lea uelt (KMP), dut lt ls clolt`m tf 20> squkr` g``t,‟ b`
`xpckles. –KMPs kr` j`y b`r` tf kfrmkdlclty. ]`y“r` k
wky gfr olcc`eelkcs tf kfrm tf clv` le e`labdfrbffms
wb`r` tb`y“m ftb`rwls` d` prlh`m fut.‟
Qblc` hltl`s kr` okjlea prfar`ss, efe` kr` mflea `v`ry-tblea tb`y hke tf p`rolt ofr` kfrmkdc` bfuslea,
hfet`ems Cltoke. –Wkehfuv`r ls v`ry kwkr` fg bfuslea
kem kfrmkdlclty, kem lt bks k prfarko hkcc`m `hf-m`e-
slty,‟ b` skys. –Lt“s `ehfurkalea hr`ktlv` lecc m`v`cfpo`et,
clj` bfo`fwe`rs dulcmlea khh`ssfry sult`s kdfv` tb`lr
akrka`. Dut tb`r` kr` fecy k g`w buemr`m fg tbfs`. Lt“s
kcsf ̀ ehfurkalea ouctlgkolcy bfuslea, dut lt stlcc r`qulr`s
gklrcy a`e`rfus kofuets fg pkrjlea.‟
]`r` kr` kcsf spft lestkeh`s le wblhb hltl`s kr` c`kvlea
ue`egfrh`m ftb`r r`strlhtlfes fe tr`ems tbkt kttrkht olc-
c`eelkcs, pkrtlhuckrcy urdke akrm`elea. J`ccy pr`mlhts tb`
gutur` oky kcsf s`` hltl`s gfrokccy `x`optlea urdke gkros
grfo zfelea r`qulr`o`ets.
–Le kcckbkss``, wblhb ls v`ry ouhb k hfcc`a` tfwe, tb`r`
kr` tbr`` urdke gkros,‟ skys J`ccy. –Kcc fp`rkt` futslm` tb`ckw d`hkus` tb`y“r` fe r`slm`etlkccy zfe`m ckem dut t`hbel-
hkccy e``m tf d` zfe`m gfr karlhucturkc us`. Xf gkr, ̀ v`ryfe`
bks ture`m k dclem `y` d`hkus` ofst p`fpc` le tfwe, `sp`-
hlkccy le tb` 4>-8> ka` rkea`, s`` tb`s` ks dla kss`ts tf tb`
hfoouelty. Qbkt oky bkpp`e le tb` gutur` ls tbkt tb`r`
wlcc d` sfo` jlem fg k zfelea `x`optlfe gfr urdke gkros.
L s`` tbkt ks ofr` clj`cy tbke ke ̀ x`optlfe gfr tley bfo`s.‟
Xuhb hbkea`s oky fecy d` tb` d`aleelea ks hfop`tl-
tlfe b`kts up gfr olcc`eelkcs hbffslea tb` p`rg`ht pckh`
tf pcket rffts. –Olcc`eelkcs r`kccy hkr` kdfut cfhktlfe,‟
kss`rts Guilourk. –]`y“r` skvlea k cft fg ofe`y dy eftduylea hkrs kem pkylea gfr aks, pkrjlea, kem lesurkeh`,
kem tb`y dlj` kem wkcj ofr`. ]`y wfe“t hfoprf-
ols` fe cfhktlfe d`hkus` tb`y kcr`kmy bkv` c`ss ofdlclty.
Kem m`v`cfp`rs kr` r`spfemlea tf tbkt.‟
A.O. Glclsjf ls ke kttfre`y kem gr``ckeh` wrlt`r wbf
wrlt`s gr`qu`etcy fe r`kc `stkt`, dusle`ss kem c`akc
lssu`s. Os. Glclsjf s`rv`m ks ke `mltfr kt EKT“s T@KC-
]FT © Okakzle` gfr ;> y`krs.
Olcc`eelkcs wfe“t hfoprfols`
fe cfhktlfe.
Hfurt`sy fg Xfwe ]fa`tb`r, ^bftf dy ]HMkvlsHfurt`sy fg Q`Qfrj
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Dy ]rkh`y H. Ẁ ct
Kc`xkemrk G`rausfe, H@F fg b`r `pfey-
ofus cle` fg hustfo plccfws kem mìhfr,stkrt`m ks k sokcc, bfo`-dks`m dusle`ss.
–L rst sfcm oy plccfws fe @tsy, sf L“o
ks bfo`arfwe ks lt a`ts,‟ skys G`rausfe. Qb`e lt wks tlo` tf `xpkem, G`rausfe
bkm k bkrm tlo` emlea ke le`xp`eslv`, clabt okeugkh-
turlea spft le Q`sthb`st`r, E`w \frj. –L m`hlm`m tf cffj
le Drffjcye kem [u``es ks tb` tkc`et L e``m`m hfucm d`gfuem le tbfs` kr`ks,‟ sb` skys. Xb` `em`m up ofvlea letf
k =,>>>-squkr`-gfft rkw lemustrlkc cfgt spkh` le Lemustry
Hlty, ke leefvktlfe kem okeugkhturlea mlstrlht sltukt`mfe tb` wkt`rgrfet le Xues`t ^krj, Drffjcye.
Lemustry Hlty ls trkesgfrolea arfuem fflffr kem cfw`r c`v-
`cs letf k p`m`strlke-grl`emcy s`rl`s fg sbfps, sbfwrffos,`v`et spkh`s kem hfurtykrms, cffs`cy frakelz`m krfuem
tb`o`s suhb ks gffm kem gffm prfmuhtlfe, hblcmr`e kem
gkolcy, kem bfo` affms, wblc` prfvlmlea kopc` cfkm-lea mfhjs kem s`rvlh` arfuem gfr upp`r fflffr leefvktlfe`hfefoy kem okeugkhturlea t`ekets. ]`s` olx`m-us`okj`r spkh`s, m`v`cfplea krfuem tb` Pelt`m Xtkt`s,
kr` d`hfolea k pfpuckr hbflh` gfr r`kc `stkt` m`v`cfp-
`rs bfplea tf r`vltkclz` hfooueltl`s kem khhfoofmkt`
sokcc okeugkhtur`rs.
Ofr` kem ofr` hltl`s kem r`kc ̀ stkt` m`v`cfp`rs kr` hr`ktlea
spkh`s gfr sokcc-shkc` okeugkhturlea. Xokcc okeugkhtur`rs,
fr okj`rs, le t`xtlc`s, wffm, o`tkc, kem ̀ c`htrfelhs e``mpckh`s tbkt kr` kpprfprlkt` le shkc`, wblhb kr` kfrmkdc`,kem tbkt o``t cfhkc zfelea kem dulcmlea hfm`s. Okj`r
spkh`s hke prfvlm` sfo` sbkr`m gkhlcltl`s kem ̀ qulpo`et,ks w`cc ks o`etfrlea kem ksslstkeh` le rueelea k dusle`ss.
K T`sura`eh`
–Q` kr` s``lea k r`sura`eh` fg sokcc, cfhkc prfmuh`rs wbf kr` bkre`sslea cfw-hfst t`hbefcfay kem hbkealea
okrj`ts tf s`cc buemr`ms kem tbfuskems fg cfhkccy prf-muh`m hfesuo`r prfmuhts,‟ skys Lckek ̂ r`uss, gfuem`r fgT`hkst Hlty, k hfopkey tbkt drleas tfa`tb`r sokcc-shkc`
okeugkhtur`rs kem hfoouelty m`v`cfp`rs tf str`eatb`ee`labdfrbffms, dulcm r`kc `stkt` vkcu`, kem hr`kt` ofr`
ifd fppfrtueltl`s gfr r`slm`ets.
Mfhuo`et`m dy Hbrls Kem`rsfe, kutbfr fg –Okj`rs9
]` E`w Lemustrlkc T`vfcutlfe,‟ kem s``e khrfss tb`
hfuetry tfmky, tb`s` hfopkel`s kr` fgt`e dusle`ss`s wltbg`w`r tbke 4> `opcfy``s kem s`cc dftb le cfhkc okrj`tskem acfdkccy fecle`. Le ke let`rvl`w wltb Gfrd`s okak-
zle`, Kem`rsfe eft`s, tbkt, –Petlc k g`w y`krs kaf, yfu iust
mlme“t bkv` khh`ss tf prfmuhtlfe. ]` wfrcm ls frl`et`mkrfuem hfopkel`s, kem okeugkhturlea wks `xp`eslv` kem
hfesuolea.‟ Kcc fg tbkt ls hbkealea.
Khhfrmlea tf k r̀ h`et stumy, –]` G̀ m`rkc Tfc` le Xuppfrt-
lea Okeugkhturlea,‟ dy tb` ^rktt H`et`r gfr Hfoouelty
]b` Okj`r Ofv`o`et
Ofr` hltl`s kem r`kc ̀ stkt` m`v`cfp`rs
kr` hr`ktlea spkh`s gfr sokcc-shkc`
okeugkhturlea. Hkcc`m okj`r spkh`s,
tb`s` clabt lemustrlkc/r`tklc, olx`m-us`
dulcmleas kr` drlealea ifds kem vltkclty
tf e`labdfrbffms krfuem tb` hfuetry.
Kc`xkemrk G`rausfe, k hfopkey wblhb hr`kt`s hustfo plccfws
kem mìhfr, ls cfhkt`m le Lemustry Hlty, Drffjcye, E.\.
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M`v`cfpo`et kem Drffjleas Lestltut`, m`splt` r`h`et
r`h`sslfekry sbfhjs, okeugkhturlea hfetleu`s tf pcky k
h`etrkc rfc` le tb` Ko`rlhke ̀ hfefoy kem stlcc s`rv`s ks k
akt`wky tf tb` olmmc` hckss gfr k slz`kdc` s`ao`et fg tb`ektlfe“s pfpucktlfe. fmky, skys tb` r`pfrt, kpprfxlokt`cy
;;.1 olcclfe Ko`rlhkes kr` `opcfy`m dy tb` hfuetry“s
8>>,>>> okeugkhturlea ros, kem fv`r 1 olcclfe kmml-tlfekc ifds kr` suppfrt`m dy okeugkhturlea-r`ckt`m
khtlvltl`s, lehcumlea ifds le trkespfrtktlfe, wbfc`skclea,kem s`rvlh` lemustrl`s, suhb ks khhfuetlea, hfesuctlea,
r`kc `stkt` kem ekeh`.
]` r`pfrt af`s fe tf sky, –Peclj` tb` mkys wb`e ckra`hfopkel`s mfolekt`m tb` ektlfe“s hfoofmlty prfmuh-
tlfe, tfmky“s okeugkhturlea ckemshkp` ls ckra`cy fhhupl`m
dy m`h`etrkclz`m e`twfrjs fg sokcc, sp`hlkclz`m ros ”okey fg wblhb kr` blmm`e le pckle slabt le Ko`rlhk“s urdke
kr`ks. Le gkht, le 4>>1, fg tb` kpprfxlokt`cy 0;,=44 oke-
ugkhtur`rs le tb` Pelt`m Xtkt`s `opcfylea g`w`r tbke 4>p`fpc`, fv`r k tblrm w`r` cfhkt`m le tb` ektlfe“s ;> ckra`st
hltl`s kcfe`. ]`s` dusle`ss`s okj` ke kstfelsblea rkea` fgprfmuhts ” grfo blab-t`hb o`mlhkc ̀ qulpo`et tf m`slae`r
hfkts, krtlskekc gffm prfmuhts tf sp`hlkclz`m hfktleas ”
kem s`rv` k sp`htruo fg hustfo`rs kem okrj`ts, lehcumleasokcc suppcl`rs, hfetrkhtfrs, tb` hfesuo`r pudclh, kem ckra`
frlalekc `qulpo`et okeugkhtur`rs (F@Os).‟
–]`r` ls k r`dlrtb fg ofm`re okeugkhturlea: L hkcc lt tb`
leefvktlfe `hfefoy kem tbkt“s wb`r` tb` ifd arfwtb ls,‟skys Kemr`w Jlodkcc, H@F fg Lemustry Hlty. E`w t`hb-
efcfay kccfws p`fpc` tf okeugkhtur` le sokcc spkh`s,‟b` skys. –]`r`“s k dcurrlea fg t`hbefcfay, okeugkhtur-lea kem m`slae. ]` affm e`ws gfr hltl`s ls tbkt tb`s`
jlems fg dusle`ss`s stkrt sokcc kem fgt`e arfw fv`r tlo`.]`y `opcfy p`fpc` wbf e``m ifds tb` ofst, ifds tbktkr` drfkmcy khh`ssldc` tf tbfs` wltb k drfkm rkea` fg `mu-hktlfekc dkhjarfuems,‟ skys Jlodkcc.
]kt“s tb` hks` wltb G`rausfe, wbf bks k –fe`-stfp, sup`r
`hl`et spkh` tbkt lehcum`s b`r fh`, pbftf stumlf spkh`,okeugkhturlea, wkr`bfus` kem sblpplea kcc grfo fe`
pckh`.‟ Le kmmltlfe, Lemustry Hlty bks `hl`ehl`s dulctle, suhb ks tb` kdlclty tf futsfurh` tf ftb`r suppcl`rs wbf kr` le b`r sko` dulcmlea. B`r dusle`ss ar`w grfo
fe` `opcfy`` tf v` `opcfy``s le tb` sbfrt ;2 ofetbssb`“s d``e le Lemustry Hlty.
Mrlv`e dy Olcc`eelkcs kem Ofr`
Lt ls eft fecy e`w dusle`ss`s tbkt kr` d`e`tlea grfo tb`okj`r ofv`o`et, dut ofr` trkmltlfekc, gkolcy-fwe`m
dusle`ss`s, ks w`cc. –]`r`“s k cft tbkt ls olcc`eelkc mrlv`e
kem tbkt“s ̀ xhltlea. Dut, wbkt ls ̀ v`e ofr` ̀ xhltlea ls tbktm`hkm`s-fcm, trkmltlfekc, gkolcy-fwe`m dusle`ss`s tbktbkv` d``e pr`vlfuscy prlh`m fut fg tb` okrj`t kr` em-
lea tbkt, wltb e`w t`hbefcfay, tb` `hfefolhs wfrj gfrtb`o kakle,‟ skys Jlodkcc.
Xuhb ls tb` hks` gfr Jyc` Jrl`a, tb` tblrm a`e`rktlfe lek gkolcy prletlea pr`ss dusle`ss tbkt fp`e`m le ;>>-squkr`-gfft wkr`bfus` gfr prfmuhtlfe le Hlehleektl => y`krs kaf
tf `xpkem fp`rktlfes. Dut wb`e prletlea wfrj stkrt`mtf mry up kgt`r 4>>>, Jyc` kem bls gkolcy e``m`m k
wky tf skv` tb` gkolcy dusle`ss. Gfur y`krs kaf, tb`yckem`m fe k e`w lm`k ” hr`kt` k okj`r spkh`. ]` gko-lcy ture`m bkcg fg tb`lr wkr`bfus` letf Okeugkhtfry,
]b`r` ls k r`dlrtb fg ofm`re okeugkhturlea, pkrt fg tb` leefvktlfe `hfefoy.
Lemustry Hlty cfhkt`m fe tb` wkt`rgrfet le Xues`t ^krj, Drffjcye, E.\.
^bftf dy Xkrkb Mfrlf
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8/21/2019 Summer 2015: Economic Competitiveness
26/687 FE HFOOFE ATFPEM
k ;1,>>>-squkr`-gfft sbkr`m spkh` wltb wffm, o`tkc, t`x-tlc` kem prletlea tffcs tbkt kr` fp`e tf tb` pudclh tbrfuab
ayo o`od`rsblp-clj` g``s gfr khh`ss.
T`kc Fppfrtuelty
–]`r` kr` sfo` `xhltlea tbleas aflea fe le hfooueltl`s.M`v`cfp`rs bkv` r`hfaelz`m tb` hbkealea m`ofarkpblhs,‟skys ^r`uss. –Olcc`eelkcs wket pckh`s tf aktb`r. Le pkrkcc`c,
w`“v` s``e k arfwtb fg tb` okj`r ofv`o`et. ^̀ fpc` kr`a`ttlea tfa`tb`r tf okj` stu, grfo s`wlea kem jelttleatf hr`ktlea mrfe`s kem 8M prletlea.‟
^cus, sb` kmms, tb`r` kr` ofr` wkys tf s`cc wbkt tb`y kr`hr`ktlea. Gfr lestkeh`, G`rausfe us`s @tsy. ]`e, tb`r`“s kstkrt-up hkcc`m Okj`r“s Tfw, wblhb wfrjs tf hfee`ht P.X.okeugkhtur`rs kem sokcc dusle`ss`s. Lt okthb`s mfo`stlhokeugkhtur`m prfmuhts wltb Ko`rlhke hfopkel`s wbfbkv` k sp`hlh prfmuht e``m. @v`e Kokzfe.hfo ls hfe-slm`rlea k ofv` letf tb` okj`r wfrcm kem `xp`rlo`etlea
wltb 8M prletlea. Kem, fg hfurs`, clabt lemustrlkc spkh`sle pckh`s clj` Lemustry Hlty kem ̂ l`r 1>, le Xke Grkehlshf,kr` kttkhblea r`tklc spkh` kem hr`ktlea pfpuckr sbfppleam`stlektlfes, tbus, hr`ktlea k elhb` gfr leefvktlv` m`v`c-fp`rs wbf r`hfaelz` bfw tb`s` olx`m-us` spkh`s hkekhtlvkt` e`labdfrbffms.
Gfr Lemustry Hlty, tb` afkc ls gfr ;= p`rh`et fg tb`spkh` tf d` r`tklc (7= p`rh`et leefvktlfe `hfefoykem ;4 p`rh`et khkm`olh.) Le ;2 ofetbs, LemustryHlty w`et grfo 4,=>> p`fpc` wfrjlea tb`r` tf =,>>>.]`y tffj m`hr`plt, uem`rutlclz`m spkh` le Xues`t ^krj
kem –ture`m lt letf k blab `opcfyo`et us` spkh`.Lt hr`kt`s fppfrtueltl`s gfr okj`rs suhb ks Kc`xkemrk G`r-ausfe tf okeugkhtur` kem s`cc le k r`tklc spkh` le tb` sko`
dulcmlea,‟ skys Jlodkcc.
Drffjcye lse“t tb` fecy pckh` wb`r` tbls ls bkpp`elea.–Lt“s bkpp`elea ektlfewlm`,‟ skys Jlodkcc. –\fu“v` prfd-kdcy b`krm kdfut M`trflt, dut lt“s bkpp`elea khrfss tb`hfuetry, I`rs`y Hlty, kem Xke Grkehlshf. Gfr`st Hlty lsm`v`cfplea ^l`r 1> le Xke Grkehlshf kem pckes tf dulcm;>>,>>> squkr` g``t le k e`w lemustrlkc us` dulcmlea ks kpkrt fg k ckra` wkt`rgrfet m`v`cfpo`et pcke. ]` prfpfs`mpcke lehcum`s r`slm`etlkc, fh`, r`tklc, pkrjs kem lemustrlkc
us`s. ]` pcke kcsf lehcum`s r`bkdlcltktlfe fg Hlvlc Qkr ̀ rkdulcmleas tbkt wlcc kcsf d` ture`m letf sokcc-shkc` prfmuh-tlfe us`s. ]` e`w okeugkhturlea/prfmuhtlfe dulcmlea
wlcc d` ofm`c`m f fg ke `xlstlea dulcmlea le tb` e`lab-dfrbffm hkcc`m tb` Ko`rlhke Lemustrlkc H`et`r.
Bfw`v`r, skys ^r`uss, –Ofst fg tb` `xkopc`s fut tb`r`rlabt efw kr` fg ekturkccy fhhurrlea spkh`s gfr sokccokeugkhtur`rs, clj` le Hlehleektl.‟ Hlehleektl Okm`,k efeprft `frt tf prfoft`, hfee`ht, kem shkc` tb`
sokcc dkthb okeugkhturlea hfoouelty bks d``e sup-pfrtlea tb` ofv`o`et. –]`y bkv` k fflffr fg ke fcmlemustrlkc dulcmlea wb`r` ;> dusle`ss`s sbkr` wltb tffcs.
E`xt mffr, tb`r` ls k dr`w`ry tbkt fp`e`m up twf y`krskaf. ]`y dfuabt tb` bua` dulcmlea grfo lts fwe`r, kemtb`y bkv` sleh` dfuabt tb` e`labdfrlea dulcmlea, ks w`cc.
]` kr`k ls hkcc`m tb` Dr`w`ry Mlstrlht. ]`y bkv` k e`lab-dfrbffm frakelzktlfe tbkt ls trylea tf hr`kt` k strkt`aygfr kcc fg tbls, dut tb`r` ls ef r`slm`etlkc le tbkt kr`k y`t.‟
Hfoouelty Lopkht
^`rbkps tb` ofst lopfrtket tbleas tf hfo` fut fg tb`okj`r ofv`o`et ls tb` r`vltkclzktlfe fg mfwetfwe lemus-trlkc kr`ks kem dulcmleas kem upmkt`m pfclhl`s khrfss tb`ektlfe. XGOkm`, k efeprft hfrpfrktlfe b`kmqukrt`r`mle Xke Grkehlshf, wblhb gfhus`s fe dulcmlea Xke Grkehls-hf“s ̀ hfefolh dks` dy m`v`cfplea tb` cfhkc okeugkhturlea
s`htfr, r`hfaelz`m tbkt pft`etlkc loo`mlkt`cy. Le 4>;=, tb`cfhkc Xke Grkehlshf pckeelea hfoolsslfe kem dfkrm fgsup`rvlsfrs kpprfv`m c`alscktlfe tf hr`kt` k e`w zfeleasfcutlfe tbkt kccfws gfr hrfss-sudslmlzktlfe fg e`w lemus-trlkc spkh` vlk tb` m`v`cfpo`et fg hf-cfhkt`m fh` spkh`
fe pr`vlfuscy uem`rutlclz`m lemustrlkccy zfe`m pkrh`cs. ]`plcft prfi`ht, kvklckdc` gfr ;2 m`slaekt`m pkrh`cs, skys Ike`tC``s, s`elfr mlr`htfr fg XGOkm`, –kccfws gfr tb` hfestruh-tlfe fg twf-tblrms fh` spkh` kem fe`-tblrm okeugkhturlea
tf fs`t tb` blab-r`et fh` spkh` hurr`etcy f`r`m.‟
]b` Cfsketlvlcc` M`slae Hfcc`htlv` spkh`, fut fg wblhb tb` Glrst Dkthb
prfarko wfrjs, le Hlehleektl, Fblf.
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C``s skys tb`r` ls k –r k̀ccy bft e`labdfrbffm hkcc`m tb`
Mfa ̂ kthb, wblhb bfus`s tb` ckra`st lemustrlkc okeugkh-turlea spkh` le tb` hlty, grfo hbfhfckt` tf kppkr`c tf clabt
lemustrlkc prfmuhts. ^krt fg tbls dulcmlea ls r`tklc, wblhbls v`ry kpp`kclea tf t`ekets kem tb` e`labdfrbffms,‟ sb`
kmms. –^`fpc` s`` okeugkhturlea ml`r`etcy efw. ]ls ls
tb` e`w dr``m fg okeugkhturlea, sokcc dusle`ss`s wltbke kv`rka` fg ele` `opcfy``s p`r dusle`ss,‟ skys C``s.
Le kmmltlfe, lt“s kmmlea ifds tf tb` cfhkc hfoouelty.
–]`s` okj`r hfopkel`s wket tf blr` grfo tb` cfhkc
hfoouelty,‟ skys C``s. –]`s` kr` `etry c`v`c ifds tbktfgt`e pky ofr` tbke tbfs` le bfspltkclty fr r`tklc kem f`r
pktbwkys tf w`cc-pklm ifds wltb k gutur`.‟
Jlodkcc kar``s, –^krt fg tb` hks` w`“r` okjlea tf tb`
hfoouelty kem hlty ls tbkt tb`s` kr` tb` jlems fg affm-pkylea ifds tbkt ofv` p`fpc` up tb` `hfefolh ckmm`r.‟Lemustry Hlty ls t`stlea k prfarko tf pkrte`r wltb
efeprft frakelzktlfes gfr ifd pckh`o`et kem pr`shr``e-
lea. –Lt“s d``e suhh`ssguc,‟ skys G`rausfe, wbf us`m tb`
s`rvlh` tf em e`w `opcfy``s.
–Le Hlehleektl, w` bkv` e`labdfrbffm m`v`cfpo`et
arfups r`khblea fut tf drlea tb` okj`r dusle`ss`s tf
tb`lr e`labdfrbffms,‟ skys Oktt Ketbfey, mlr`htfr fg
Hlehleektl Okm` kem prfarko mlr`htfr fg Glrst Dkthb,k cfhkc okeugkhturlea dusle`ss khh`c`rktfr. –Xfo` bkv``v`e m`v`cfp`m k okpplea r`sfurh` tbkt aktb`rs kcc clabt
lemustrlkc prfp`rtl`s gfr skc` le k e`labdfrbffm le frm`rtf okj` ofr` hfee`htlfes d`tw``e sokcc okj`rs kempft`etlkc okeugkhturlea spkh`.‟
^r`uss kar``s, –]`r`“s ke fppfrtuelty tf put tb`s` okj`rlemustrl`s le e`labdfrbffms kem okj` tb` ko`eltl`skttrkhtlv` dy f`rlea g`stlvkcs kem hr`ktlea ke khtlv`str``t clg`.‟
Ofr` tbke tbkt, skys ^r`uss, –lt hr`kt`s k vldrket, r`slc-l`et hfoouelty. Lg fe` dla `opcfy`r c`kv`s, tb` r`suctls hktkstrfpblh. Dut, lg yfu bkv` 4>> dusle`ss`s fg v``opcfy``s k pl`h` kem fe` af`s fut fg dusle`ss, tb` r`suct
lse“t ks m`vkstktlea,‟ sb` skys. –Lt dulcms `hfefolhkccyr`slcl`et hfooueltl`s.‟
]` –duy cfhkc‟ ofv`o`et bks d`hfo` lehr`ksleacy pfpu-ckr fv`r tb` y`krs. Gfr G`rausfe, –Lt“s okjlea okeugkhturleahffc kakle. \fu“v` aft dla, hfcfrguc, fp`e spkh`s wb`r` w`okj` stu, s`cc prfmuhts kem hffc tbleas bkpp`e, hbkea-lea p`fpc`“s p`rh`ptlfes fg wbkt okeugkhturlea ls. Lt“s ke`xhltlea ofv`o`et.‟
]rkh`y H. W c̀t ls ke Frckemf-dks`m gr` c̀keh` wrlt`r.
Okj`r hfopkel`s hr`kt` vldrket, r`slcl`et hfooueltl`s.
Lemustrlkc spkh`s krfuem Hlehleektl prfvlm` ar`kt spkh` gfr hr`ktlv` olx`m-us` okeugkhturlea slt`s.
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8/21/2019 Summer 2015: Economic Competitiveness
28/682 FE HFOOFE ATFPEM XPOO@T 4>;0
Dy Drlke @. Hckrj
Gfr tb` rst twf y`krs kgt`r Xkrkb Tklewkt`r krrlv`m
le ̂ rfvlm`eh`, T.L., sb` wfrj`m r`oft`cy grfo b`r
bfo` gfr k m`slae ro le Cfs Kea`c`s. Dut sb`
olss`m tb` hfcc`alkclty fg b`r gfro`r fh` kem
d`ake cffjlea gfr kct`rektlv`s tf tflclea grfo b`r
bfus` wb`r`, sb` sklm, tb`r` kcwkys s``o`m k plc`
fg hcftb`s tf gfcm fr sfo` ftb`r mfo`stlh tksj tf mlstrkht b`r.
Xb` gfuem tb` kesw`r tf b`r qu`st kt tb` M`slae Fh`, k
8,>>>-squkr`-gfft hf-wfrjlea spkh` wb`r` sb` rst slae`m
up ks k pkrt-tlo` o`od`r, pckeelea tf hfo` le iust twf
mkys k w``j.
–Dut kgt`r tb` rst w``j, L m`hlm`m L“m d`hfo` k gucc-tlo`
o`od`r d`hkus` lt wks sf ouhb d`tt`r tbke wfrjlea grfobfo`,‟ sklm Tklewkt`r, k arkpblh m`slae`r.
Xb`“s gkr grfo kcfe`. ]fuskems fg ftb`r gr``ckeh`rs fg kcc
strlp`s ” ks w`cc ks ̀ etr`pr`e`urs kem r`oft` wfrj`rs wbf
olabt d` gucc-tlo` ̀ opcfy``s sfo`wb`r` ftb`r tbke tb` hlt-
l`s wb`r` tb`y clv` ” bkv` slae`m up kt sbkr`m wfrjspkh`s
]b` tr`em bks spr`km krfuem tb` hfuetry gfr hf-wfrjlea spkh`s.
H F -QF T J L E A X ^KH @ X
o`` hkeale e``m
^bftf dy Kc`x Kbfo
^bftfs hfurt`sy fg M`slae Fgh`
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wb`r` tb`y fgt`e hfcckdfrkt` wltb ftb`rs, pkrtlhlpkt` le
s`olekrs kem `eify tb` buoke hfetkht tb`y olabt bkv`
olss`m wfrjlea kt tb`lr jlthb`e tkdc`s.
]` tr`em d`ake fe tb` hfksts kdfut k m`hkm` kaf, sklm
Kcc`e Mle`s, k gfro`r Pelv`rslty fg QlshfesleOkmlsfe
fhlkc kem stkrtup hfkhb wbf bks hr`kt`m s`v`rkc fg bls
fwe clg`-shl`eh` hfopkel`s. B` sklm tb` tr`em bks sleh`spr`km krfuem tb` hfuetry wltb buemr`ms fg hf-wfrjlea
spkh`s d`lea hr`kt`m le tb` pkst g`w y`krs.
Mle`s, wbf o`etfrs wfucm-d` ̀ etr`pr`e`urs, sklm sbkr`m
wfrjspkh`s cc k e``m le k hbkealea `hfefoy. B` sfo`-
tlo`s r`hfoo`ems tbkt p`fpc` hb`hj fut tbls e`w dr``m
fg fh` –tf a`t tb`o pcuaa`m letf k hfoouelty wb`r`
p`rbkps tb`y hke hfcckdfrkt` kem wfrj tfa`tb`r. ]`s`
spkh`s lehr`ks` tb` hbkeh`s gfr tbkt jlem fg sye`ray. ]`y
hke kcsf d`e`t grfo tb` e`twfrjlea tbkt af`s fe fr tb`
s`olekrs tbkt olabt d` f`r`m. Tfcclea fut fg d`m kem wfrjlea kt tb` jlthb`e tkdc` hke d` elh` ” kem L loka-
le` p`fpc` wbf us` hf-wfrjlea spkh`s stlcc mf tbkt ” dut
d`lea le ke fh` wltb ftb`rs wbf yfu olabt d` kdc` tf
sbkr` lm`ks wltb ls ar`kt, tff.‟
Tklewkt`r, wbf bks m`slae`m prfmuhts gfr tb` upshkc`
Qlcclkos Xfefok kem Q`st @co stfr̀ s, sklm wb`e sb` ls
wfrjlea fe k w`dslt` prfi`ht, sb`“cc sfo`tlo s̀ hfcckdfrkt`
wltb k m`v`cfp̀ r kem prfarkoo`r kt tb` M`slae Fh`.
–L kcsf em L“o ofr` prfmuhtlv` wb`e L a`t fut fg tb`
bfus`,‟ sb` sklm. –Lt b`cps o` d`hkus` L a`t le k ml`r`et
olems`t. Xfo`tlo`s L wlsb lt w`r` qul`t`r kt tb` M`slae
Fh`, sf tb`e L“cc iust put fe oy b`kmpbfe`s tf dcfhj
fut tb` efls` kem laefr` `v`ryfe`. Dut fv`rkcc, tb` ̀ xp`-
rl`eh` fg bkvlea tb` `e`ray fg ftb`r hr`ktlv`, suppfrtlv`
p`fpc` krfuem bks d``e k dla d`e`t.‟
Tklewkt`r sklm plhjlea tb` rlabt hf-wfrjlea spkh` hke d`
lopfrtket. Xfo` olabt d`e`t grfo d`lea le k mlv`rs`
fh` wb`r` tb`y“r` eft hfop`tlea wltb m`sjokt`s kem
hke a`t gr`sb fplelfes grfo futslm` tb`lr `cm. Gfr ftb-
`rs, tb` fppfslt` ls tru`.
–Lt kcc m`p`ems fe yfur wkets kem e``ms,‟ sb` sklm.
]` M`slae Fh` ls tb` drklehblcm fg Ifbe Hks`rtk,
wbf wks t`khblea pkrt-tlo` kt tb` Tbfm` Lsckem Xhbffc
fg M`slae (TLXM) le 4>>1. B` bkm k sfcf arkpblh
m`slae dusle`ss, dut wks sudhfetrkhtlea sfo` fg tb`
wfrj fhhkslfekccy.
–L wks cffjlea gfr k pckh` tf rue oy m`slae prkhtlh`, dut
lt mlme“t okj` s`es` tf bkv` oy fwe, fe`-p`rsfe fh`,‟
b` sklm. –L wket`m tf fp`e up k spkh` wb`r` ftb`r p`f-
pc` wbf bkm slolckr lm`ks hfucm ifle tfa`tb`r. Dut tb`r`
wkse“t keytblea clj` tbkt, tbkt L je`w fg, sf L stkrt`m fe`.
^rfvlm`eh` ls k gklrcy sokcc hlty (pfpucktlfe ;2>,>>>), dut
tb`r` kr` k cft fg hr`ktlv` gfcjs b`r`.‟
B` fp`e`m k 1>>-squkr`-gfft fh` wltb `efuab rffo
gfr gfur p`fpc`. Le 4>;4, b` ofv`m tf k ckra`r spkh`.
O`od`rs efw tftkc krfuem 4>.
]b` `xp`rl`eh` fg bkvlea ftb`r
hr`ktlv`, suppfrtlv` p`fpc`
krfuem ls k dla d`e`t.
Hfurt`sy fg M`slae Fgh`
Hfurt`sy fg Q`Qfrj
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8/21/2019 Summer 2015: Economic Competitiveness
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–]` euod`r af`s up kem mfwe, m`p`emlea fe wbf“s
krfuem kem e``ms spkh`,‟ b` sklm. –Q` s`rv` tb` hr`-
ktlv` s`htfr, sf arkpblh m`slae`rs fr lemustrlkc m`slae`rs
wfucm d` tb` slopc` t`ro tf m`shrld` us, gfcjs wbf kr`
ofr` m`sj-frl`et`m kem wbfs` wfrj hke d` mfe` fe kOkh. Q` bkv` sfo` r`kccy ar`kt spkh`s wltb k prfmuhtlfe
tkdc`, k prfi`htlfe wkcc kem k cldrkry. Q` bkv` k hfupc` fg
pbftfarkpb`rs efw kem s`v`rkc hfoput`r prfarkoo`rs
wbf t r`kccy w`cc d`hkus` tb`y hfopc`o`et m`slae`rs,
o`kelea w` prfdkdcy bkv` k hfr` fg slx tf `labt arkpblh
m`slae`rs kem tb`e slx prfarkoo`rs kem twf fr tbr``
gfcjs letf lemustrlkc m`slae.‟
f a`t letf tb` M`slae Fh`, p`fpc` oust kppcy kem d`
let`rvl`w`m. Gfr tb` ofst pkrt, Hks`rtk sklm b`“s cffjlea
gfr cfea-t`ro o`od`rs wbf –kr` m``p letf tb`lr wfrj
kem hke sustkle tb`os`cv`s ekehlkccy wltb k ofm`c tbkt
ls s`rvlh`-frl`et`m. Dut w` mfe“t shkc` w`cc kem w` mfe“t
wket tbr``- fr gfur-p`rsfe hfopkel`s d`hkus` tb`y t`em
tf tkj` fv`r tb` `e`ray fg tb` spkh`.‟
K gucc-tlo` o`od`rsblp hfsts $820 k ofetb, wblc` pkrt-
tlo` rues $;00. Hurr`etcy, twf-tblrms fg tb` o`od`rskr` pkrt-tlo` kem tb`y hke –squkt‟ kt uefhhupl`m tkdc`s
gfr up tf 4> bfurs k w``j. Gucc-tlo`rs bkv` tb`lr fwe
m`sjs, hke us` sfpblstlhkt`m prlet`rs kem stfr` okt`rlkcs.
B` sklm hfcckdfrktlfe bkpp`es gr`qu`etcy kt tb` M`slae
Fh`, wltb ofr` s`elfr o`od`rs sfo`tlo`s b`cplea
iuelfr o`od`rs wltb prfi`hts.
–Lt bkpp`es le surprlslea wkys,‟ sklm Hks`rtk, wbf ls efw
ke ksslstket prfg`ssfr kem b`km fg tb` arkpblh m`slae
m`pkrto`et kt TLXM. M`slae Fh` kcsf f`rs ofetbcy
`v`ets gfr o`od`rs, drleas le sp`kj`rs kem `v`e bfstsk Hbrlstoks pkrty.
–L mlm k ekpjle sj`thb kgt`r wfrj wltb sfo`fe` wbf wks
tb`r` k wblc` dkhj,‟ Hks`rtk sklm. –B` stkrt`m wfrjlea
fe tb` dkhj `em kem tb` prfarkoolea ckeauka` d`blem
lt, tb` s`rv`r slm` kppclhktlfe kem tb`e sbfw`m lt tf o`
twf w``js ckt`r. L bkm ef lm`k b` wks wfrjlea fe lt,
dut kgt`r L skw wbkt b`“m mfe`, L stkrt`m wfrjlea fe oy
slm` kem w` `ss`etlkccy okm` k hfopc`t` w`dslt` wltb k
Hfcckdfrktlfe bkpp`es gr`qu`etcy kt tb` M`slae Fgh`.
^bftf dy Kc`x Kbfo
Hfurt`sy fg Q`Qfrj
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s`hur` hr`mlt hkrm syst`o kem tb` wbfc` dlt le twf fr tbr``
ofetbs iust d`hkus` w` bkm k slolckr let`r`st. Q` sbkr`m
ke loprfoptu lm`k. ]`r` kr` k cft fg ̀ xkopc`s fg tbleas
clj` tbkt ” arfuem up lm`ks. Lt ls lehr`mldc` tbkt wky.‟
Hks`rtk sklm b` hfeslm`rs M`slae Fh` tf d` –k pl`h` fg
tb` puzzc` tbkt hke b`cp tb` hr`ktlv` s`htfr. Lt“s ke let`r`st-lea spkh` wb`r` yfu hke iuop le lg yfu kr` e`w tf tfwe
fr lg yfur hkr``r ls tkjlea k ml`r`et mlr`htlfe.‟
Le Okmlsfe, Qls., hf-gfuem`r Olhbk`c G`ehb`c stkrt`m
tb` ;>>Xtkt` sbkr`m wfrjspkh` wltb Eljfckl Xjl`vksjl
le ” fg kcc pckh`s ” ke fcm hkdffs` kt k gfro`r rklcrfkm
m`pft fe Q`st Qksbleatfe Kv`eu`. Lt“s fe` fg gfur hf-
wfrjlea spkh`s le Okmlsfe, k uelv`rslty hlty fg rfuabcy
40>,>>>. ;>>Xtkt` d`ake frakelhkccy, G`ehb`c sklm, wb`e
tb` hkdffs` d`ake tf cc up wltb ftb`r `etr`pr`e`urs
kem hr`ktlv` gfcjs.
–Q` w`r` uslea tbkt fh`, wfrjlea fe prfi`hts, sbkrlea
lm`ks kem mflea hlvlh stu tf b`cp tb` hlty fg Okmlsfe,‟
b` sklm. –Q` dulct up k clttc` dlt fg ofo`etuo, aft wrlt-
t`e up dy tb` cfhkc pr`ss kem bkm ofr` kem ofr` p`fpc`
wbf wket`m tf ifle. Q` futar`w tb` hkdffs`.‟
Fe` tblea c`m tf keftb`r kem G`ehb`c kem bls hf-wfrj-
`rs w`r` levlt`m tf sbkr` k dlaa`r fh` kt ;>> Xtkt` Xt.,
grfo wblhb tb` frakelzktlfe tffj lts eko`. Ks tb` o`o-
d`rsblp hfetleu`m tf arfw, lt ofv`m ckst X`pt`od`r tf
e`w fh`s fe tb` e`krdy Hkpltfc Xqukr`. Lt efw bks
e`krcy 4>> o`od`rs.
–Fur pblcfsfpby ls tbkt hfcckdfrktlfe ls k pfsltlv` g`ktur`
fg wfrj,‟ b` sklm. –Q` wket p`fpc` wbf kr` `xhlt`m kdfut
wfrjlea le ke `evlrfeo`et wb`r` gr̀ `ckeh`rs fr stkrtups
hke pkrte`r wltb p`fpc` wbf kr` wlcclea tf hfetrldut`
kmvlh` kem `xp`rtls` tf ftb`rs. Q` let`rvl`w `v`ryfe`
d`gfr` tb`y ifle tf okj` sur` tb`y kr` trustwfrtby kem
hfooltt`m. Kgt`r tbkt, lt ls k hucturkc tblea.‟
G`ehb`c sklm kdfut bkcg tb` ;>>Xtkt` o`od`rs kr` wfrj-
lea fe L prfi`hts, wltb tb` r`oklem`r spr`km krfuem
ftb`r `cms, lehcumlea b`kctbhkr`, ckw, kem p`rgfroleakem e` krts. Ftb`rs kr` slopcy r`oft` `opcfy``s wbf
tlr`m fg wfrjlea grfo m`sjs fr jlthb`e tkdc`s kt bfo`.
–Q` bkv` k elh` olx, wltb fe`-tblrm ̀ etr`pr`e`urs wfrj-
lea fe stkrtups, fe`-tblrm gr``ckeh`rs fr ‒sfcfpr`e`urs,“
ks w` hkcc tb`o, kem fe`-tblrm prfg`sslfekcs,‟ b` sklm.
–Xf w` bkv` mfhtfrs, ckwy`rs, t`khb`rs, arkm stum`ets kem
r`tlr``s wfrjlea fe tb`lr fwe prfi`hts. Kcc tbfs` arfups
hfo` tfa`tb`r tf sbkr` tb`lr lm`ks kem spkh`. Q` kcsf
Fur pblcfsfpby ls tbkt hfcckdfrktlfe
ls k pfsltlv` g`ktur` fg wfrj.
bkv` k bua` gfhus fe uehfv`rlea kem trylea tf sfcv` cfhkc
prfdc`os, wblhb L tblej okj`s us uelqu`.
–Le kmmltlfe, w` bkv` ke krtlst-le-r`slm`eh` prfarko wb`r`
w` prfvlm` gr`` o`od`rsblp gfr v` cfhkc krtlsts. Keftb`r
arfup wks gfro`m tf prfvlm` k wky gfr kr`k hfopkel`s tf
bkv` cfhkc krt fe tb`lr wkccs, jlem fg k rftktlea akcc`ry.‟^krt-tlo` o`od`rsblp prlh`s kt ;>>Xtkt` stkrt kt $0>
k ofetb. ]` e`xt c`v`c ls $10 ofetbcy gfr 4=/1 khh`ss
kem tb`r` ls k $;2> fptlfe gfr tbfs` wbf wket k m`mlhkt`m
wfrjspkh`. ]`r` kr` kcsf ele` s`pkrkt` fh`s gfr sokcc
dusle`ss`s tbkt hfst d`tw``e $8>> kem $7>> k ofetb.
]` tftkc wfrjspkh` hfv`rs 7,0>> g``t.
(Dfttfo c`gt) ;>>Xtkt` o`od`rs Ifektbke Clodlrm kem Ifbe Bko`c wfrj wltb
;>>Xtkt`-hfgfuem`r Olhbk`c G`ehb`c (grfet, rlabt).
(Dfttfo rlabt) ]b` cfddy fg ;>>Xtkt` le Okmlsfe, Qls.
^bftf dy Drlke Hckrj ^bftf dy Drlke Hckrj
^bftf dy Kc`x Kbfo
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8/21/2019 Summer 2015: Economic Competitiveness
32/684 FE HFOOFE ATFPEM
–Q` bfst k tfe fg hfoouelty leltlktlv`s, lehcumlea hfe-
g`r`eh`s, tff,‟ b` sklm. –OkmHlty Dkzkkr, ke urdke pfp-up
ffl`k okrj`t, fp`rkt`s fut fg b`r` kem k ouslh arfup, tff.
Q` s`` k cft fg fppfrtueltl`s tf b`cp okj` Okmlsfe
k d`tt`r pckh`.‟
Fut fe tb` Q`st Hfkst, gfro`r Xketk Hruz `hfefolhm`v`cfpo`et okeka`r I`r`oy E`ue`r aft tfa`tb`r wltb
tb`e okyfr Tyke Hffe`rty kem ckwy`r Hkc`d Dksjle le
Iue` fg 4>>2 tf ckuehb E`xtXpkh`.
E`ue`r, kutbfr fg tb` –Ekj`m @hfefoy‟ kem k gfro`r
Ekvy b`clhfpt`r plcft, sklm tb` trlf skw tb` sbkr`m wfrj-
spkh` hfeh`pt ks k –wky tf drlea tfa`tb`r tkc`et, lm`ks kem
hkpltkc. Leltlkccy, w` vl`w`m tbls ks k wky tf iuop-stkrt tb`
cfhkc `hfefoy. D`gfr` cfea, w` r`kclz`m tbkt w` w`r` fe
tf sfo`tblea dlaa`r, k r`vfcutlfe le tb` ektur` fg wfrj.‟
Le 4>>7 kem 4>>1, wb`e tb` stkt`“s `hfefoy wks le tb`
tkej, tb` trlf wks tblejlea kdfut bfw tf hr`kt` ̀ hfefolh
vltkclty kem ifds le Xketk Hruz, k surea tfwe kdfut 10
olc`s sfutb fg Xke Grkehlshf.
–Q` mlme“t bkv` tfes fg ofe`y, leh`etlv`s fr tkx dr`kjs
tf kttrkht e`w dusle`ss`s, sf w` w`r` r`kccy grustrkt`m,‟
b` sklm. –Kdfut tb` sko` tlo`, w` r`kclz`m tbkt tb`r`
w`r` cfts fg p`fpc` le tfwe wbf kr` gr``ckeh`rs kem
hfesuctkets, `etr`pr`e`urs, sp`hlkclsts gfr blr` kem t`c`-
hfoout`rs. T`kccy tkc`et`m kem kokzlea gfcjs, dut v`rymlspkrkt`, wfrjlea fut fg tb`lr bfus`s, hf`` sbfps fr
clttc`, 4>>-squkr`-gfft fh`s. Q` skw tb`o ks tb` rkw
okt`rlkc, sf tf sp`kj, tbkt w` hfucm us` tf r`kccy dulcm
k vldrket `hfefoy.
–Xf rktb`r tbke trylea tf r`hrult, kttrkht kem r`tkle fe`
4>>-p`rsfe hfopkey, w` tbfuabt ‒c`t“s drlea tfa`tb`r
4>> fe`-p`rsfe hfopkel`s.“ Q` aur`m lg `khb fe` fg
tbfs` sleac`-p`rsfe ros hfucm d`hfo` k twf-p`rsfe
hfopkey, tbkt wfucm d` fe` fg tb` dlaa`st ifd hr`ktlfe
`v`ets le tb` blstfry fg Xketk Hruz. ]kt wks tb` lop`-
tus gfr E`xtXpkh`, tb` lm`k tbkt w` hfucm r`kccy dulcm ke
`hfefoy dks`m eft fe ifds kem hfopkel`s p`r s`, dut
dks`m fe p`fpc`.‟
]b` hfeh`pt d`blem E`xtXpkh` ls tf dulcm ke `hfefoy
dks`m eft fe ifds kem hfopkel`s, dut dks`m fe p`fpc`.
^bftfs hfurt`sy fg E`xtXpkh`
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8/21/2019 Summer 2015: Economic Competitiveness
33/68XPOO@T 4>;0
E`ue`r, wbf bks k arkmukt` m`ar`` grfo tb` J`e-
e`my Xhbffc fg Dusle`ss kt Bkrvkrm, qult bls ifd tf
rue E`xtXpkh`. Lt bks arfwe grfo tb` ;;,>>>-squkr`-
gfft –oftb`r sblp‟ le Xketk Hruz sleh` lts stkrt, kmmleaele` ofr` sbkr`m-wfrj spkh`s, lehcumlea tbr`` le Xke
Grkehlshf, fe` le D`rj`c`y, fe` le Xke Ifs`, twf le Cfs
Kea`c`s kem fe` le Hblhkaf.
B` sklm tb` o`od`rsblp ls purpfs`guccy drfkm. Ofetbcy
rkt`s rkea` grfo $8>> gfr rst-hfo`, rst-s`rv`m –hkgì
o`od`rsblps‟ gfr efokms tf us` uefhhupl`m m`sjs tf
$8,>>> k ofetb gfr k sult` gfr k sokcc hfopkey.
–Q` mfe“t mlshrlolekt` dks`m fe lemustry fr wb`r` yfu
kr` le yfur hfopkey“s clg` hyhc`,‟ b` sklm. –Q` wket
`v`rydfmy. Q` wket t`hb p`fpc`. Q` wket hr`ktlv`
p`fpc`, khhfuetkets, kttfre`ys kem okrj`tlea p`fpc`.
]` drfkm`r kem m``p`r tb` tkc`et pffc ls, tb` d`tt`r
hbkeh` yfu bkv` tf duop letf p`fpc` wbf bkv` sjlccs,
lm`ks kem hfee`htlfes tbkt yfu e``m. Qbkt w` sky ls w`
kr`e“t r`etlea yfu spkh`, w` kr` s`cclea yfu o`od`rsblp
le k hfoouelty.‟
E`ue`r sklm b` bfp`s tf `xpkem E`xtXpkh` tf sokcc`r
hltl`s krfuem tb` hfuetry. B` sklm b`“s s``jlea fut
hfooueltl`s clj` Xketk Hruz tbkt bkv` ke kttrkhtlv` clg`-
styc`, strfea hfcc`a`s fr uelv`rsltl`s kem k cft fg sokrt,
let`r`stlea p`fpc`.–@v`e tbfuab w` kr` le sfo` dla hltl`s, w` bkv` k ofm`c
tbkt wfrjs w`cc le sokcc`r hfooueltl`s, ̀ sp`hlkccy tbfs`
tbkt kr` cffjlea tf r`laelt` tb`lr cfhkc `hfefol`s,‟ b`
sklm. –Q` pcke tf a`t dkhj tf fur rffts kem us` E`xtXpkh`
ks ke `hfefolh m`v`cfpo`et hktkcyst.
–Le k cft fg wkys, fur hfuetry bks ofv`m d`yfem cfea-
t`ro `opcfyo`et. Efw k cft fg wfrj ls strlpp`m dkr`
tf tb` `ss`eh` fg yfu kppcylea yfur sjlccs kem tkc`ets
le tb` okrj`tpckh`. ]` tr`em ls tfwkrm `etr`pr`e`ur-
lso, gr``ckehlea, lem`p`em`et hfesuctlea kem ofdlclty.
Qfrj ls ef cfea`r k pckh`, dut wbkt yfu mf. E`xtXpkh̀kem ftb`r hf-wfrjlea fh`s t w`cc letf tbkt ofm`c.‟
Drlke @. Hckrj ls k Qlshfesle-dks`m ifurekclst kem
k gfro`r stkgg wrlt`r fe tb` dusle`ss m`sj fg ]b`
Xke Ml`af Pelfe-]rldue`. B` ls k hfetrldutfr tf tb`
Cfs Kea`c`s ]lo`s, Hblhkaf Xue-]lo`s, Olcwku-
j`` Ifurekc X`etle`c, Mkccks Ofrelea E`ws kem
ftb`r pudclhktlfes.
Qfrj ls ef cfea`r k pckh`, dut wbkt yfu mf.
^bftfs hfurt`sy fg E`xtXpkh`
Hfurt`sy fg M`slae Fgh`
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8/21/2019 Summer 2015: Economic Competitiveness
34/68= FE HFOOFE ATFPEM XPOO@T 4>;0
Qb`e Auls`cc Fsfrlf loolarkt`m
tf Xke Grkehlshf grfo Hblc` sb`
mr`ko`m fg fp`elea b`r fwe
r`stkurket. Fsfrlf je`w bfw tf
hffj, dut –L mlme“t jefw keytblea
kdfut rueelea k r`stkurket.‟
Xf Fsfrlf d`hko` k o`od`r fg Ck Hfhlek, k jlthb`e
lehudktfr le Xke Grkehlshf“s Olsslfe Mlstrlht. Le ele`
y`krs kt Ck Hfhlek, Fsfrlf m`v`cfp`m k suhh`ssguc
hkt`rlea dusle`ss kem okrj`t`m b`r kcgkifr`s, m`clhlfus
Hblc`ke hffjl`s, kt Qbfc` Gffms. K gffm w`dslt` r`vl`wfg Fsfrlf“s hffjl`s m`shrld`m kcgkifr`s ks –tb` stu tbkt
mr`kos kr` okm` fg ” dutt`ry, m`clhkt` kem hruodcy
sbfrtdr`km hffjl`s cc`m wltb k rlhb cky`r fg much` m`
c`hb` kem sprlejc`m wltb pfwm`r`m suakr.‟
K y`kr kaf, Fsfrlf w`et fut fe b̀ r fwe, fp`elea Xkd-
fr`s m`c Xur, k 74-s`kt r`stkurket le Qkceut Hr``j,
k Xke Grkehlshf sudurd. Xkdfr`s m`c Xur o`kes Gckvfrs
fg tb` Xfutb le Xpkelsb.
Dy Ifbe Wke Al`sfe
–Dkslhkccy L okj` kcc jlems fg Xfutb Ko`rlhke hulsle`,‟
Fsfrlf sklm. –L try tf mf wbkt tb`y mf kt bfo`, iust clj`
oy arkemoftb`r mlm. Efe` fg tbls guslfe stu gfr o`.‟
Fsfrlf sklm sb` bks hr`kt`m ifds gfr ;; wfrj`rs kt b`r
r`stkurket, hkt`rlea kem hffjl` dusle`ss`s.
–L“o k dusy alrc, y`s,‟ sb` ifj`m. –Lt“s d``e v`ry affm.‟
Ck Hfhlek wks k p`rg`ht t gfr Fsfrlf ks tb` Xke Grke-
hlshf lehudktfr gfhus`s fe s`rvlea wfo`e, olefrlty kem
loolarket gffm `etr`pr`e`urs, alvlea tb`o tb` sjlccs kem
jefwc`ma` tb`y e``m tf suhh``m le tb` gffm dusle`ss.
]` Xke Grkehlshf prfarko ls pkrt fg ke lehudktfr ofv`-
o`et dulct krfuem sbkr`m hfoo`rhlkc jlthb`es wb`r`
ksplrlea gffm `etr`pr`e`urs c`kre bfw tf okj` lt le tb`
blab-rlsj, eftfrlfuscy hjc` gffm dusle`ss.
Le okey pckh`s, stkt` kem cfhkc ckws lopfs` r`strlhtlfes
tbkt okj` lt mlhuct tf lopfssldc` gfr gffm `etr`-
pr`e`urs tf af letf dusle`ss. ]kt“s wb`r` huclekry
lehudktfrs hfo` le.
Jlthb`e lehudktfrs b`cp `etr`pr`e`urs
sbkrlea
tb` cfv`
fg gffm… kem tb` spkh` kem hfst
O`r`mltb ]foksfe fp`e`m b`r dkj`ry, Tkr`sw``ts, kgt`r d àleelea b`r
dusle`ss le Pelfe Jlthb`e le Qksbleatfe, M.H.
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–]` e``m gfr k jlthb`e lehudktfr st`os grfo tb`
gkht tbkt le okey pckh`s lt ls lcc`akc tf rue k gffmdusle`ss fut fg k bfo` jlthb`e,‟ skys tb` w`dslt`
lehudktfrjlthb`e.hfo. –Le okey iurlsmlhtlfes gffm
prfmuhts oky fecy d` pr`pkr`m gfr wbfc`skc` fr r`tklc
le k hfoo`rhlkc jlthb`e tbkt ls clh`es`m dy tb` prfp`r
cfhkc fr stkt` r`aucktfry ka`ehl`s.‟
Mlv`rslty ls k bkccokrj fg tb` huclekry lehudktfr
ofv`o`et. Xfo` prfarkos slopcy r`et spkh` tf tb`lr
o`od`rs, ftb`rs f`r t`khb`rs kem hckss`s, sfo` prf-
vlm` ksslstkeh` wltb okrj`tlea kem ekehlea kem sfo`
fp`rkt` r`tklc stfr`s wb`r` o`od`rs hke s`cc tb`lr prfm-
uhts. Okey lehudktfrs kr` gfr-prft dusle`ss`s: okeyftb`rs kr` eft-gfr-prfts. Xfo` mf eft t e`ktcy letf
`ltb`r hkt`afry.
Le k 4>;8 r`pfrt, @hfesuct Xfcutlfes fg ^blckm`c-
pblk r`hfoo`em`m tbkt lehudktfrs kmfpt k bfclstlh
kpprfkhb tf b`cplea gffm ̀ etr`pr`e`urs hr`kt` e`w dusl-
e`ss`s. ]` hfopkey bks hfesuct`m wltb k euod`r fg
lehudktfr prfarkos.
–Fe` fg tb` hfoofe hbkcc`ea`s ls tbkt ̀ etr`pr`e`urs kr`
pksslfekt` kdfut hffjlea, dut lcc-pr`pkr`m gfr dusle`ss,‟
tb` r`pfrt sklm. –Kmmltlfekccy, okey `etr`pr`e`urs ckhj
tb` ekehlkc r`sfurh`s tf lev`st le shkclea tb`lr dusl-
e`ss. Gfr tbls r`ksfe, lehudktfrs sbfucm lev`st b`kvl cy le
sokcc dusle`ss suppfrt s`rvlh`s, lehcumlea dusle`ss t`hb-
elhkc ksslstkeh`, b`cp wltb r`hlp` shkclea, hfst-skvleas
tbrfuab ducj purhbkslea fg lear`ml`ets, ksslstkeh` wltb
mlstrldutlfe, kem ksslstkeh` wltb fdtklelea skc`s v`eu`s.‟