The innovativeness of a nation's firms has no significant impact on the national competitive advantage.

Question

Quizplus · Accepted Answer

The innovativeness of a nation's firms is a key factor in determining the national competitive advantage. Innovative and technologically advanced firms can create and offer products and services that are superior to those of their competitors, making them more competitive in the global market. Additionally, innovative firms can also drive improvements in productivity and efficiency, as well as contribute to the development of new industries and markets. Thus, a higher level of innovativeness among a nation's firms can contribute significantly to the national competitive advantage.

The Innovativeness of a Nation's Firms Has No Significant Impact