Kazmia Revitalization (Scenario)
The leaders of Kazmia, a small nation in the southern hemisphere, have called a meeting to discuss ways to encourage foreign firms to invest in Kazmia. The country was once a leader in diamond mining and exports; however, the diamond mines have been depleted. Meanwhile, the standard of living in Kazmia has plummeted to its lowest levels, and young people are fleeing the country. Government leaders must devise a plan to reinvigorate the once prosperous nation.
-According to Porter, Kazmia can attain economic prosperity by systematically cultivating new and superior factor endowments through ________.
A) devaluation of the national currency
B) redevelopment of the country's depleted diamond mines
C) proactive national industrial policy
D) the consolidation of national human rights institutions
Correct Answer:
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