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Data on the "competitiveness of nations" can be found on www.imd.ch/wcy/ranking/. This website provides a ranking on a variety of criteria for 49 countries. How might Porter's diamond of national advantage help to explain the rankings for some of thes countries for certain industries that interest you?
According to Porter, a nation attains a competitive advantage if its firms are competitive. Firms become competitive through innovation. Innovation can include technical improvements to the product or to the production process. Four attributes of a nation comprise Porter's "Diamond" of national advantage. They are: factor conditions, demand conditions, related and supporting industries, and domestic rivalry. Factor conditions refers to inputs used as factors of production - such as labor, land, natural resources, capital and infrastructure. Switzerland was the first country to experience labor shortages. They abandoned labor-intensive watches and concentrated on......
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Title: Porter's Diamond
Approximate Word Count: 340
Approximate Pages: 2 (250 words per double-spaced page)
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