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Unformatted text preview: Obvious examples of
clusters are the consumer electronics industry in
Japan, and software and IT in California. It may
also spread over a number of different countries,
such as the boom in telecommunications
industries in Finland and Sweden. Comparative
advantage can disappear if the knowledge is lost,
overtaken or exploited more efficiently elsewhere.
For example, India has now become the world’s
biggest software provider. See especially Michael
Porter, The Competitive Advantage of Nations.
THE IMPACT OF GLOBALIZATION
There is evidence to suggest that poor countries
which open themselves up to inward investment
from international corporations become richer,
and develop an infrastructure of benefit to the
population as a whole.
For developed economies, increased international
competition can mean the rapid loss of
thousands of jobs in industries such as coal
mining, steel production, and ship-building.
See the ProFile Student’s site: www.oup.com/elt/profile Off-shoring means that jobs in other industries
are lost and are exported to other countries,
which my be less concerned with social
protection and safety cont...
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This note was uploaded on 12/12/2010 for the course RBS BCN taught by Professor Dekoe during the Spring '10 term at Rotterdam Business School.
- Spring '10