Now, undoubtedly, that means that the United States and India will engage in a healthy competition for markets and jobs and industries of the future.
The importance of winning in competition for these markets goes beyond the Japanese automakers and to the entire economy.
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As that report predicted when the regulation was proposed more than a decade ago, it discourages the development of new pest-resistant crops and prolongs and increases the use of synthetic chemical pesticides, limits the use of the technology mainly to larger developers who can pay the inflated regulatory costs, and handicaps the U.S. in competition for international markets.
But competition, even destructive competition, is good for markets, Rock said.
Google Inc. has agreed to change some of its business practices to resolve Federal Trade Commission concerns that those practices could stifle competition in the markets for popular devices such as smart phones, tablets and gaming consoles, as well as the market for online search advertising.
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Nonetheless, some American utilities assert that owning a British firm will teach them about competition in electricity markets, helping them to prepare for competition in America.
He disagreed that this was good for competition in the books markets and said that the "economics of the e-book industry is quite different to the print industry" because costs are the same up until first copy but after that e-books incur none of costs of printing and distribution.
This environment could lead both to protectionism and to ruthless competition for exports to third-country markets, regardless of the effect on proliferation or international stability.
Nor does Britain lack for competition in fast-growing markets.
For America, Europe and elsewhere the effect will be meagre: weaker markets for some exports, tougher competition from some now-cheaper Asian imports.
Competition for top growth status in stagnant developed markets could result in a strategic mistake.
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But phone companies, facing greater competition in long-distance markets, have for the last several years been pushing for regulatory approval to charge for local calls.
Analysts and professionals in the field expect that the strongest domestic firms will gain from intensifying competition in the markets and become attractive targets for multinational companies looking to expand in emerging channels in China and worldwide.
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As a rule, they have been exposed to more competition in their home markets and are therefore well equipped for international competitive battles.
For example, a federal requirement that new cars sold in America be capable of using methanol and ethanol, as well as gasoline, would create markets for such alcohol-based fuels and competition that will drive down gas prices.
The treaty could open up new markets for Colombian exports, but also bring increased competition.
Economists' next argument for free trade is that opening up markets to foreign suppliers increases competition.
They generate internal projects which bring them more customers, higher share of wallet with their customers, and create new markets for new revenues where they have few, if any competition.
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Administration officials are seeking Clinton's blessing for a proposal that would establish worker training and other economic displacement assistance for areas where it is determined the economy suffered because of competition from international markets.
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In smaller markets, getting on friendly terms with the competition also can be good for business.
When, as in the Microsoft case, a monopolist's conduct seems to be chilling innovation in markets in which the competition is largely defined by innovation, the argument for antitrust intervention is compelling.
Competition for commercial lending, they note, has been fierce not just among banks but also from the capital markets.
The Capitol Hill Challenge stock-market competition for schools is run by the SIFMA Foundation, an educational nonprofit arm of the Securities Industry and Financial Markets Association.
And now, for the first time in many years, powerful new competition is beginning to emerge in Microsoft's core markets.
As global financial markets become increasingly integrated, and Latin American companies try to attract the attention of international investors, competition for capital is becoming increasingly fierce.
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ON's bid does, however, pose a dilemma for Neelie Kroes, the competition commissioner, because it runs counter to her efforts to increase competition in European energy markets.
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