International Competition. Competitive Advantages of Countries

How do nations achieve prosperity and well-being in the global economy? To find this out, Michael Porter conducted fundamental research. For four years, he studied the ten most significant economic players in the world. The author analyzed numerous characteristics and... factors and presented evidence that traditional comparative advantages, such as the availability of natural resources and cheap labor, are no longer the main sources of prosperity for countries.Porter's work became a classic and influenced the development strategies of major businesses and organizations. The results of this research are undoubtedly of interest to executives and top managers, whose tasks include forming global competitiveness.