Quote:
Originally Posted by Thunderball
You'd think its a very simple concept, but you can tell with the names in that group, there's a measure of arrogance too. Its the mentality that people will invest in their jurisdiction because they are special/superior/entitled to it. The global economy doesn't see it that way. Telling everyone that you're competitive is not the same as actually being competitive.
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I think I know where that jab is directed. In that case it was a problem with looking at percentage charged by the government whereas a better means of comparing oneselves with another jurisdication is actual economic return for industry per dollar invested. That part got missed and you can tell which places are uncompetitive based on where global companies are making a larger portion of their cutbacks.