Michael Porter's (1990)'Diamond' has four attributes of a nation: (a)factor endowments; (b)domestic demand conditions; (c)relating and supporting industries;and (d)firm strategy,structure and rivalry.Focus therefore centres on national competitive advantage.
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Q8: Porter suggested that the four attributes making
Q9: A study by Wassily Leontief (1953),having raised
Q10: The 'stage' theories suggest that firms initiating
Q11: The product life-cycle theory suggests that trade
Q12: New trade theory points out that through
Q14: Which of the following has historically been
Q15: The theory of national competitive advantage,developed by
Q16: Free trade is:
A)an agreement between two parties
Q17: A contentious issue in the new trade
Q18: According to the textbook,most economists prefer the
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