But in the advanced economies, where internal markets are big enough to be fairly competitive, barriers to flows of trade, capital and knowledge have long been lower, and technology is at its cutting edge, there is less to be gained.
The twin causes of the deterioration, Deloitte says, are the advances of digital technology, which radically reduces both competitive advantage and barriers to entry by new players, and movements to economic liberalization by our policy makers.
Yet banking is supposed to be a fiercely competitive market, with low barriers to entry.
As John Stone pointed out in the comments here, many European countries hide behind their language barriers rather than embracing competitive forces.
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By becoming online workers, people like Ben Gran are overcoming labor market frictions: they focus on skills that are in demand, overcome geographic barriers and work at competitive rates.
Developers are in the market to make money and the current environment is saturated, their are now many apps on the apple platform that it has been very competitive to make money, the barriers to entry is hard and you have to wait days, month or even months to hear the faith of your applications.
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But Fiat was slow to adapt to a more competitive market after the gradual removal of trade barriers.
But many of the most competitive products face special duties or non-tariff barriers.
Because the United States has a competitive advantage in services, and because we face higher barriers overseas, the United States would be one of the biggest winners when services are liberalized in other countries.
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Competition is a good thing and many more times than not, fewer regulations allow for a fierce competitive landscape that reduces costs, encourages innovation, lowers barriers to entry, and thus ultimately benefits the consumer.
We focus on picking stocks with high barriers to entry that we think can maintain a competitive advantage over the longer term.
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One key is breaking down barriers between internal groups and then facilitating rapid innovation to meet competitive challenges.
It is the only economic resource that cannot be transferred across corporate boundaries, and, therefore, the ultimate source of competitive advantage in global industries where imitation, market saturation, and lower entry barriers quickly eliminate market rents.
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