Porter's diamond can be used to explain the importance of the environment and natural resources.

Question

Quizplus · Accepted Answer

Porter's diamond model looks at multiple factors that influence a country's competitiveness, one of which is the presence of natural resources and the environment. This can include factors such as availability of raw materials, access to energy sources, and environmental regulations. These factors can impact industries that rely on these resources, and ultimately affect a country's overall economic performance. Therefore, the importance of environment and natural resources can be explained using Porter's diamond model.

Porter's Diamond Can Be Used to Explain the Importance of the Environment