January 2019
Intermediate to advanced
576 pages
33h 19m
English
5.2 Learn about how nations can enhance their competitive advantage.
The globalization of markets has fostered a new type of competition—a race among nations to reposition themselves as attractive for business and investment. The more competitive economies today possess a combination of comparative advantages and firm-specific advantages. They feature such strengths as abundant resources, sophisticated infrastructure, well-trained workers, powerful brands, technological leadership, worldwide networks of suppliers and collaborators, and a favorable work ethic. Therefore, we conceive national competitiveness as the sum of national comparative advantages and competitive advantage of a nation’s ...