Competitive Advantage of Nations: Creating and Sustaining Superior Performance
Now beyond its eleventh printing and translated into twelve languages, Michael Porter’s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy. Porter’s groundbreaking study of international competitiveness has shaped national policy in countries around the world. It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America.
Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete. Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient. The book introduces Porter’s “diamond,” a whole new way to understand the competitive position of a nation (or other locations) in global competition that is now an integral part of international business thinking. Porter's concept of “clusters,” or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy.
Even before publication of the book, Porter’s theory had guided national reassessments in New Zealand and elsewhere. His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country. Hundreds of cluster initiatives have flourished throughout the world. In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.
The Competitive Advantage of Firms in Global Industries
Determinants of National Competitive Advantage
The Dynamics of National Advantage
National Competitive Advantage in Services
Emerging Nations in the 1970s and 1980s
Shifting National Advantage
Appendix B Supplementary Data on National Trade Patterns
About the Author
The Competitive Development of National Economies
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activities areas British buyers capital chaebol chemicals compete competitive industries competitors consumer Country Exports create demand conditions diamond domestic rivalry economies of scale economy electronics equipment example factor costs factor creation factors of production foreign German government policy home base home demand home market home nation human resources important improve industrial robots innovation international competition international success internationally investment Italian Italian firms Italy Japan Japanese firms Korean labor leading Machinery Specialty Inputs machines manufacturing ment nation's firms national advantage national competitive advantage percent pressure related industries rivals robots role Sassuolo SCE SWCE sector segments semiconductors service industries Share Gains Losses Share of Country Share of World Share Share Gains significant skills sophisticated specialized steel suppliers supporting industries sustain competitive advantage SWCE SCE Sweden Swedish Swiss Switzerland synthetic fibers textile tiles tion trade United United Kingdom upgrading World Cluster Exports world export share