How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of Canadian firms adjusts innovation activities, business strategies, and exit in response to large increases in Chinese imports. Whether firms invest in process or product...

Part I: Preparing for the Adventure -- Chapter 1 - The Strategy Playbook: Mastering the Intricacies of Business -- Chapter 2 - Trapped in the Quicksand: Why Strategies Falter -- Part II: Navigating the Competitive Arena -- Chapter 3 - Survival of the Fittest: Decoding Competition and Its...