Competition is defined as a spirited, sometimes ruthless, engagement of rivals such as in a race, a match, or an effort by one person to sell goods or services to customers in the marketplace of another. Sound familiar?
If you will bear with me for a few minutes, I would like to examine competitiveness on a more global basis with emphasis on the rules of the game. You may be thinking that more often than not the competitive arena is relatively small and far from global, and its consequences are singularly influential on a trivial document called the P & L.
However, with the newly established freedom of a major segment of the world population and with the industrial capability formerly known as Communist moving into what has heretofore been "our" limited arena, the competition could get very brisk.
Brisk, and perhaps ruthless, unless we work together to try to establish an international industrial policy that is truly based on equality of competitive opportunity for all.