Porter's National Competitive Advantage

Porter's National Competitive Advantage explains why some countries excel in certain industries. It suggests that a nation's success depends on factors like skilled workers, strong infrastructure, advanced technology, and supportive institutions. Also, the competitiveness of firms within the country is influenced by local demand for their products, the presence of related industries, and company strategies. When these factors align, they create a favorable environment that encourages innovation and productivity, helping the country’s industries succeed globally. Essentially, it’s a framework for understanding how national characteristics shape the global success of local businesses.