here in the front of the room, and you were not i would say, bernard schwartz was a acolyte in that sense because you were talking about infrastructure and to some degree industrial policy, and i want to start out with the question of wra we are today and what your experience is today with the clinton and somewhat the obama administrations even though you are an adviser and not an official of the obama administration. what do you think that you wouldn't have thought or given at bre given the government experience. >> of course, nobody in the audience knows what i wrote there so to frame it in a way that relates to what we are hearing today, i was involved early on really in the definition of competitiveness. competitiveness as a term was not commonly used believe it or not a quarter of a century ago which is about how long i have been working on it, and actually a foreign concept to economists who might think of something like comparative advantage, but those of us thinking about competitiveness as countries to make themselves foundations to be a competitive place to locate and esse

you were kind of, i wouldn't say passionate bernard schwartz was an acolyte in that sense because you are talking about the importance of infrastructure and industry policy. i guess the question i would like to start out with is why we are today given your experience in both the clinton and somewhat in the obama administration, although you're an adviser, not an official of the obama administration, what do you think you wouldn't have thought or wouldn't have written given your government experienced? >> of course no one knows in the audience what i wrote there. i can is framed in a way which relates to what we've been hearing today. i was involved very early on, really in the definition of competitiveness. competitiveness as a term was not commonly used, believe it or not, a court of a century ago, which is about how long i've been working on it. and actually was quite a foreign concept to economist who might think of something like comparative advantage. at those of us who begin to we about competitiveness begin to think about nation as creating a set of foundations to make themselv