1.   And that is where the new global economic competition must be waged and be won or lost.

2.   But global competition, by itself, is not necessarily enough.

3.   Global competition in the automobile industry has been driving out many of the smaller firms.

4.   Shortening product life cycles and rapid product proliferation mean that investment in innovation is critical in global competition.

5.   That is already true not only for ordinary workers who have felt the lash of the new global competition.

6.   The Single Market -- together with intensified global competition -- will force massive industrial restructuring in Europe.

7.   Also acting to restrain inflation were big technology-driven strides in worker productivity and stepped-up global competition.

8.   Americans understand global competition and the need for American corporations to restructure, retool, re-everything to remain competitive.

9.   And in fact, if lower tariffs mean brisker global competition, then foreign manufacturers might conceivably gain ground on U.S. information-technology companies.

10.   And the discussions of mergers or alliances have captured the imagination of the business world, for any such deal would have repercussions on global financial competition.