The "it" gave no indication what it was referring to. Your rewrite makes it clear.
Is it clear in the sentence below that "its" refers to "sporting competition"?
The second part contrasts sporting competition with economic competition, thus setting out its specific nature, while...
Or should the sentence read something like this:
The second part contrasts sporting competition with economic competition, thus setting out the former's specific nature, while...
Thanks.
The "it" gave no indication what it was referring to. Your rewrite makes it clear.
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.