But Woods said many contracts were being awarded locally even when foreign firms offered a better price or a higher quality bid, and highlighted "complex public procurement procedures, unfair national preference and wavering commitment to competition and market liberalization" as key factors holding back the creation of a competitive and dynamic market.

CNN: EU governments favoring home firms

The twin causes of the deterioration, Deloitte says, are the advances of digital technology, which radically reduces both competitive advantage and barriers to entry by new players, and movements to economic liberalization by our policy makers.

FORBES: The Digital, Free Market Fall of America

Young CEOs, most of them armed with management degrees from abroad, are looking at liberalization as a big opportunity to recast hidebound family firms into go-getting, competitive enterprises.

CNN: Recasting the Mind