... and competitiveness is that competition is the action already occurring and competitiveness is the mere willingness to compete. This links us to the point of what is a Global competition now and what is desired by the various nations competition to be in the future. With the increasing Globalisation in the past 25 years competition became a Global thing too. There is an increasing inter-trade between nations that creates a competition for domestically based businesses from the foreign companies. This, in turn makes some countries to create barriers to avoid such competition. However, many other nations believe in lifting such barriers and create an open competitive environment. Many believe that this is the way forward. However, on the other hand there is a view that creating such an open environment only helps developing countries to have new markets for trade. At present, nations are trying to regulate monopolies. Therefore, if developing ...

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