According to Michael Porter, chance plays no role in determining the competitive advantage of nations.

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Michael Porter stresses that chance can play a role in determining a nation's competitive advantage. He argues that the four broad attributes of a nation — factor conditions, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry — determine its ability to achieve global competitiveness, but chance events such as technological breakthroughs, natural disasters, and political shocks can also impact a nation's competitiveness.

According to Michael Porter, Chance Plays No Role in Determining