Report
The intensification of competition in OECD countries since the crisis
Since the crisis of 2008-2009 , competition has intensified between OECD companies and countries. This competition takes place via: Taxation (chiefly via the corporate tax rate); Labour costs ( with a squeeze on wages in many countries); Labour market flexibility ( with labour-market reforms where the market was still rigid, in Spain, Italy and France). Why has competition intensified ? Due to falling demand for manufactured goods, leading to a struggle for market share gains and for the location of investments; Due to the anxiety of companies, which fear the resurgence of an economic and banking crisis leaving them unable to obtain financing, and which therefore want to be very profitable and to build up reserves.
Provider
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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