In time, integrated producers will be able to maintain an undisputed advantage only in markets for the best-quality, highest value-added products, such as those used in cars and household appliances.
The final sign of a turnaround, which I call "long-term value creation, " occurs if and when the country's leaders seriously address long-term competitiveness issues: quality of products, value-added component of exports, acquisition of state-of-the-art technology and educational reforms.