Thanks for your opinions so far CalgaryPuck, yes, this is for a friday morning test in my Business & Government class.
Determinants of national competitive advantage, the diamond
countries have combinations of characteristics which help or hinder their firms.
no country is competetive in all industries
each country shows patterns of success or failure
countries succeed in clusters of industries
success comes from ongoing improvment and innovation and constant upgrading of productitity, not from static advantages like resourses
Countries have four attributes, the playing feild for their companies
each element interact with the other to influence a country's capacity to innovate and upgrade
they can reinforce or detract from each other...people, skills, investments, tax laws, education
these influence a country's attractivness to foreign capital, skills, etc
More sophisticated industries can only arise from strengths in several of the determinants
geographic concentration helps communication and rivaly and supporting industries and makes a magnet for outside investors, makes for islands of prosperity within countries
Countries have successful clusters of companies: linkages of suppliers, customers, related industries- all competing actively
this is often the engine of a country's innovation and growth
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