How Can Nations Enhance Their Competitive Advantage?
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 ...
Get International Business: The New Realities, 5th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
