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Published on May 10, 2012
UC Berkeley Professor John Zysman and Finnish Ambassador to the United States, Ritva Koukku-Ronde, hold a discussion of how wealthy countries can compete through manufacturing and ICT-enabled services in an increasingly competitive global economy.
Sustaining the growth of employment and productivity to ensure expanding real incomes of citizens is a classic policy problem and political necessity for all governments. To stay wealthy, the advanced countries must find ways to produce high-valued-added goods and services with a high-wage, high-skill workforce. Wealthy countries must escape the commodity trap; they cannot compete on the basis of price alone.