Bằng cách kết hợp những quan điểm, MGI là có thể để đạt được những hiểu biết vào nền tảng kinh tế vi mô của các xu hướng kinh tế vĩ mô và kinh doanh dài hạn có ảnh hưởng đến chiến lược của công ty và hoạch định chính sách. Trong gần hai thập kỷ, | 12 policy environment that sets the rules of the game for competitive market dynamics. Whether in telecommunications or retail MGI case studies show that the employment and productivity outcomes of countries reflect the incentives to companies set by regulation. Regulation that facilities business entry tends to increase competition and productivity while flexible hiring laws lower minimum wages and part-time employment arrangements correlate with higher employment and more rapid adjustment to change. Policy changes can impact sector performance in two to three In traded sectors where success requires local companies to be competitive in the regional or global marketplace policy requires broader understanding of the global industry landscape. Some regulations can unexpectedly halt sector growth as obscure national security review requirements did for Russian software exports. In addition financial incentives to failed initiatives can cost governments billions as many semiconductor ventures have done around the globe. For the best odds for sustained growth efforts to enhance competitiveness should target those activities with a realistic potential for competitive advantage and be based on solid business logic. Competitiveness in new innovative sectors is not enough to boost economy-wide employment and growth Many policy makers are pinning their hopes today on innovative new sectors such as cleantech as the answer to the challenges of competitiveness growth and jobs. Yet the innovative emerging sectors themselves are too small to make a difference to economy-wide growth. Take the case of semiconductors. With employment of percent or less even among mature developed economies the sector s direct contribution to GDP is limited. But ongoing innovations in the sector have contributed to the IT adoption that has improved business processes and boosted productivity in many other sectors and therefore made a difference for economy-wide growth. Yet these broad .
