Nations donít compete with one another the way companies do. Pepsiís gain is almost always Coca-Colaís loss, but the same doesnít always, or even often, hold true for national economies. Governments do compete in some respects: They want to attract capital investment to their countries, for example, to provide more jobs, higher wages and better products and services to their people.
On Company Taxes, U.S. Should Follow World Down: Ramesh Ponnuru
Published Monday, August 29, 2011