industries. It analyses how the growth pattern is affected by product differentiation and the structure of competition …. Particular attention is given to the role of foreign competition. Chapter 3 deals with the impact of BS industry on the growth … openness to foreign competition. The main weaknesses relate to meagre innovation efforts and a stagnating labour productivity …

This report analyses the exposure of business services industry to foreign competition, either through trade or through … production in a foreign subsidiary. The framework accounts allows for the importance of intangible assets in competition process … industry to foreign competition will increasingly get the form of direct investment instead of imports or licensing agreements …