What is the role of location in competition

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Assignment:

Answer the following questions:

1. What is prosperity? How does a nation gain prosperity?

2. National competitiveness is created, not inherited, it does not grow out of a country's natural endowments, its labor pool, its interest rates, or its currency's value, as classical economists insists. A nation's competitive advantage depends on the capacity of its industry to innovate and upgrade." Discuss what you understand from this Porter's statement.

3. Why do corporate strategies of some companies have dissipated instead of created shareholder value?

4. What is the role of location in competition? Explain the location paradox in an era of global competition?

5. How does the Diamond Model works? What does it offer to economic development strategists?

6. Discuss how cost and price advantages can be achieved?

Reference no: EM133370292

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