Intranational competition
Nature
Intranational competition refers to the rivalry among businesses, organizations, or entities within a single nation. This competition can lead to various challenges, including market saturation, price wars, and reduced profit margins. It may also foster innovation and efficiency but can create significant pressure on smaller firms, potentially leading to monopolistic practices as larger companies dominate the market. Additionally, intranational competition can exacerbate regional disparities, as economically stronger areas attract more investment, leaving less developed regions at a disadvantage. Overall, while it drives economic growth, it poses risks to equity and sustainability within the national economy.
Incidence
Global corporations are increasingly decentralized and willing to manufacture, design or assign managerial authority wherever they can best serve the customer, irrespective of government interests. There is now as much intranational competition as international competition. Cities and regions within the same county compete against each other to attract investment, both from domestic and from foreign sources.
Claim
Intranational competition is a critical issue that undermines regional equity and economic stability. It fosters a race to the bottom, where local governments prioritize attracting businesses over the welfare of their communities. This relentless competition exacerbates income inequality, strains public resources, and erodes social cohesion. Without addressing intranational competition, we risk creating a fragmented society where only a few thrive, while the majority struggle. It is imperative that we prioritize collaboration over competition for a more equitable future.
Counter-claim
Only a global regionalism that ignores national boundaries makes sense. Local communities develop natural partners, whether geographically close or remote, and prosper to the extent that they are alert.
Broader
Aggravated by
Related
Value
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
Commerce » Conditions of trade
Government » Nation state » Nation state
Content quality
Unpresentable
Language
English
1A4N
E0580
DOCID
11505800
D7NID
153367
Last update
Oct 4, 2020