Which of the sectors and industry groups shown in Exhibit 10.2 would you expect to be most exposed to global competition? Least exposed? What are the implications for the country-versus-industry effects debate?
Exhibit 10.2.
Concentration Index Sector Industry Groups All Mkts X-US Consumer Discretionary Auto Components Internet & Direct Marketing Retail 0.312 0.134 Automobiles Leisure Products Distributors Media Diversified Consumer Services Multiline Retail Hotels Restaurants & Leisure Specialty Retail Textiles Apparel & Household Durables Luxury Goods Consumer Staples Beverages Household Products 0.264 0.110 Food & Staples Retailing Personal Products Food Products Tobacco Energy Energy Equipment & Services Oil Gas & Consumable Fuels 0.273 0.114 Financials Banks Insurance 0.184 0.068 Capital Markets Mortgage REITS Consumer Finance Thrifts & Mortgage Finance Diversified Financial Services Health Care Biotechnology Health Care Technology 0.415 0.123 Health Care Equipment & Supplies Life Sciences Tools & Services Health Care Providers & Services Pharmaceuticals Industrials Air Freight & Logistics Machinery 0.237 0.113 Airlines Marine Building Products Professional Services Commercial Services & Supplies Road & Rail Construction & Engineering Trading Companies & Distributors Electrical Equipment Transportation Infrastructure Industrial Conglomerates Information Technology Communications Equipment Semiconductors & Semiconductor Equipment 0.130 0.083 Electronic Equipment Instruments & Components Software Internet Software & Services Technology Hardware Storage & Peripherals IT Services Materials Chemicals Metals & Mining 0.257 0.121 Construction Materials Paper & Forest Products Containers & Packaging Equity REITS Real Estate Management & Development 0.330 0.094 Real Estate Diversified Telecommunication Telecommunication Services Services Wireless Telecommunication Services 0.157 0.099 Utilities Electric Utilities Multi-Utilities 0.471 0.139 Gas Utilities Water Utilities Independent Power & Renewable Electricity Producers Concentration Index Sector Industry Groups All Mkts X-US Consumer Discretionary Auto Components Internet & Direct Marketing Retail 0.312 0.134 Automobiles Leisure Products Distributors Media Diversified Consumer Services Multiline Retail Hotels Restaurants & Leisure Specialty Retail Textiles Apparel & Household Durables Luxury Goods Consumer Staples Beverages Household Products 0.264 0.110 Food & Staples Retailing Personal Products Food Products Tobacco Energy Energy Equipment & Services Oil Gas & Consumable Fuels 0.273 0.114 Financials Banks Insurance 0.184 0.068 Capital Markets Mortgage REITS Consumer Finance Thrifts & Mortgage Finance Diversified Financial Services Health Care Biotechnology Health Care Technology 0.415 0.123 Health Care Equipment & Supplies Life Sciences Tools & Services Health Care Providers & Services Pharmaceuticals Industrials Air Freight & Logistics Machinery 0.237 0.113 Airlines Marine Building Products Professional Services Commercial Services & Supplies Road & Rail Construction & Engineering Trading Companies & Distributors Electrical Equipment Transportation Infrastructure Industrial Conglomerates Information Technology Communications Equipment Semiconductors & Semiconductor Equipment 0.130 0.083 Electronic Equipment Instruments & Components Software Internet Software & Services Technology Hardware Storage & Peripherals IT Services Materials Chemicals Metals & Mining 0.257 0.121 Construction Materials Paper & Forest Products Containers & Packaging Equity REITS Real Estate Management & Development 0.330 0.094 Real Estate Diversified Telecommunication Telecommunication Services Services Wireless Telecommunication Services 0.157 0.099 Utilities Electric Utilities Multi-Utilities 0.471 0.139 Gas Utilities Water Utilities Independent Power & Renewable Electricity Producers
