“. Contrary to conventional wisdom, simply having a general work force that is high school or even college educated represents no competitive advantage in modern international competition. To support competitive advantage a factor must be highly specialized to an industry’s particular needs—a scientific institute specialized in optics, a pool of venture capital to fund software companies. . . . Competitive advantage results from the presence of world-class institutions that first create specialized factors and then continually work to upgrade them.”
―
Why Information Grows: The Evolution of Order, from Atoms to Economies
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