Nobel Prize winner Gary Backer argues that ______ is the most important source of competitive advantage in the global economy?

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Gary Backer argues that human capital, which includes the knowledge, skills, and abilities of a country's workforce, is the most important source of competitive advantage in the global economy. This is because a highly skilled and educated workforce can lead to innovation, productivity, and overall economic growth. Low cost and high quality can be important factors, but without a strong pool of human capital, they may not be sustainable in the long term. Technology can also be important, but again, it is the human capital that ultimately drives innovation and advances in technology.

Nobel Prize Winner Gary Backer Argues That ______ Is the Most