National competitive advantage theory states that a nation's competitiveness in an industry depends on ________.

Question

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National competitive advantage theory, developed by Michael Porter, suggests that a nation's competitiveness in a particular industry depends on factors such as its capacity to innovate and upgrade, the availability of skilled labor and infrastructure, and the presence of related and supporting industries. Government subsidy may be a factor, but it is not the only or primary determinant of a nation's competitiveness. First-mover advantage and neo-mercantilism are not explicitly included in the theory.

National Competitive Advantage Theory States That a Nation's Competitiveness in an Industry