The best way to boost national economic prosperity is to make labour and product markets work more efficiently, speed up the shift of jobs from old industries to better-paying new ones, and improve education and training to prepare workers for tomorrow's jobs.
National competitiveness is a slippery and sometimes incoherent idea, but a coherent version is to take it to mean a population with the human capital to adapt when old jobs go away, and shift quickly out of dying industries and into growing ones.
Sustained growth in income and jobs relies on a continuous shift of resources to higher-value industries.
Low-value-added manufacturing that tends to be more labor intensive are the most likely industries to shift some of their operations outside of the established manufacturing zones within China or move their operations to another country, although that usually entails having to contend with a lack of developed infrastructure and a smaller, less skilled workforce.
FORBES: China's Untapped Potential Far Outweighs Its Competitors
There are more and more of these stories every week, and they speak to the transformative power and economic opportunity of the global shift to sustainable cleantech industries.
The television and film industries are motivated to be part of this shift to a content on-demand-on-all-devices-type reality that is evolving every day.
The consumer electronics and entertainment industries are in the midst of a major paradigm shift in the realm of music.
FORBES: Consumer Electronics Deliver Music the Way the Artists Intended
The goals of organizations like PETA and Greenpeace are to see entire industries shift to more sustainable practices, not just individual companies.
Market leaders in other industries should take note of the newspaper industry's sudden shift in fortune.
Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption.
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