With the election over we are turning our attention to the next great competition -- the Olympic Games, which kicked off on the weekend.

Australians know our athletes can hold their own against the world’s best, but we are less confident our manufacturers, miners and retailers can do the same. Rather than taking on international rivals head on, we try to stop them from taking the field in our own country. This approach makes no sense in the sporting arena and is foolhardy in the business world.