More competition enhances productivity: it stimulates corporations to work more efficiently and gives them incentives to learn from other domestic companies. According to the Dutch Central Plan Bureau, the know-how present within domestic companies is more important than the know-how abroad. This is why companies have to invest in R&D, to be capable of imitating. This is also why foreign companies have to be given a real opportunity to settle in Belgium. In these turbulent economic times, protectionism is thus not an option.
Click here to read the full article.
