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The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
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innovation is disproportionately high in German manufacturing. Product innovations have also been conducive to export performance … in German manufacturing. Furthermore, our findings demonstrate that the contribution of new products to export market … significant impact on export market performance. …
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