What are the key issues, debates, and problems with the ideas about the Competitive Advantage of Nations and the national diamond?

What are the key issues, debates, and problems with the ideas about the Competitive Advantage of Nations and the national diamond?
April 28, 2021 Comments Off on What are the key issues, debates, and problems with the ideas about the Competitive Advantage of Nations and the national diamond? Uncategorized Assignment-help
Words: 298
Pages: 2
Subject: Uncategorized

Briefly state what the concepts of national competitiveness and the diamond entail, which is naturally connected to the work of Porter. Discussing Porter’s diamond model and how much the model explains the characteristics of national business systems in major economies? how well does the diamond model explain the performance of national business systems in major economies? what are the key issues, debates, and problems with the ideas about the Competitive Advantage of Nations and the national diamond? . National competitiveness is not a theory but a checklist that is a tautology. I.e. if you do certain economic activities well, you will do well economically. Or German chemical companies succeed because of Germany’s R&D base. But where did this base come from? The operations of the chemicals companies? Do national factors just appear in the diamond or do we have a theory of how differing factor and demand conditions arise? Is there a lack of the historical dimension, supplied in part by Late Development Theory? How might this add to missing dimensions in Porter? Why does Porter downplay the role of the state, given the historical importance of the developmental state in industrialization and improving national competitiveness? Are factor and demand conditions purely national in their creation? Note Canada or Hong Kong, plus the role of the international economy and global webs (see Reich). How do we account for ideas about globalization? The increasing role and success of MNEs operating in various markets suggest that it is their ability to operate across borders and their scale and their resources that bring success, not the fact that they may be based in one country or region. MNEs are arguably more foot-loose and can choose between locations. Why else would governments now have policies to attract inward FDI?