The 'competitive advantage of nations' refers to the ability of countries to compete in the market for exports and with potential importers to their country.

Question

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The 'competitive advantage of nations' concept, introduced by Michael Porter, refers to the conditions in a country that allow its industries to compete more successfully in the global market, including both exports and the domestic market's competition with imports.

The 'Competitive Advantage of Nations' Refers to the Ability of Countries