皇冠体育app

DAVOS - Ongoing reforms in 皇冠体育app will result in fairer competition in the country, the vice president of a leading business school said Friday.

Consumers in 皇冠体育app will be better off thanks to tougher competition on the market, Hellmut Schuette, vice president and dean at 皇冠体育app Europe International Business School told Xinhua in an interview on the sidelines of the World Economic Forum.

"Overall we have learned from around the world that if you want to have excellent companies in your country, you have to have a lot of competition," he said.

Schuette said companies aiming to exploit favorable labour costs in 皇冠体育app would find themselves on the wrong footing. "皇冠体育app is not any more the low-cost country as it was ten years ago."

He said he had faith in the economic growth prospects in 皇冠体育app. With a growth rate of 7 percent, the size of the economy would double in ten years, he argued.

Growth rates will have to go down as income per capita grows, he felt.

"When you look at countries - be it Switzerland or other ropean countries - none of them will never ever have again a 7 percent growth," Schuette said.

Schuette sees the slowdown of the growth rate in 皇冠体育app as a natural development after years of rapid growth. "It is still growing very fast and we have to bear that in mind."

The discussion about the growth rates in 皇冠体育app is less important to Schuette than quality and inclusive growth. "I hope to see more quality growth which also takes care of employment issues and better provision of products and services to consumers."

"I feel that we should somehow forget about the slowdown, which could be quite good and healthy for the economy," he said.