The Diamond Of National Advantage And Its Significance In Shifting The Role Of Nations In The Creation And Assimilation Of Knowledge

April 13, 2024/in management /by bonniejecinta

The Diamond of National Advantage and its SignificanceClassical theories used in global and international trade depicts comparative advantage to factors endowed in a country that it is fortunate to inherit. (Adams, 2012) Such endowment includes the size of population, land, vast natural resources and labor. (Porter, 2008) argued that a country can create fresh factor endowments such as government support, modern technology, skilled labor, and …

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