The Concept Of National Competitiveness

The second aspect of the debate is one from an economic perspective, which is the

Over the period of study, the relative strength in the Peripheral South diminished as the Republican Party became more competitive in the Deep South. Over time, one should see both the national and state indexes increase with the state party index lagging behind the national party index. While this is far from definitive, it supports the findings of some scholars who say that the increase in Republican Party competitiveness started at the national level and went to affect the competitiveness of elections to lower level political offices. A major reason that the state score index lags behind the national index is that the state index includes state legislative offices (and not votes as we have for the other offices included in the MPI) which

This book is filled with completely polarizing chapters in which the two things discussed seemingly have nothing to do with each other, but the authors find a way to connect them. In this summary, I will take you through some of the highlights of my favorite chapters and some of the more important chapters as well. The interesting thing about the book as a whole is that it does not even seem like you are reading a book that is trying to teach you economics through some outrageous situations. Another intriguing thing about this book is that these authors have such an extensive knowledge of studies that they can pull from any study, even if it has nothing to do with what they are talking about, and they can make it relevant.

Where separate nations, people groups, and political systems exist, many differing economic policies and ideas exist as well. All of the world economic ideologies consist of different focuses, morals, and processes of creating the ideal economic system. Each ideology uses different methods and ideas that conflict with the others, but these ideas can also overlap and be consistent in many areas. Four major economic ideologies are neoliberalism, Evangelical internationalism, and Alternative globalization. Each of these ideologies has many differences and contradictions with one another, and yet according to critics on both sides, they each have their flaws as well. Whereas the idea of neoliberalism is based on privatization, free market,

     “In addition to theses endless pleading of self-interest, there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group and to neglect

Economics is a multifaceted discipline, reaching into almost all parts of human life and society. As a result, economic policy on the national, supranational, and global level has an immense impact on human lives and on the inner workings of society. As such, determining the “right” type of economic policy to implement is a very controversial subject. Throughout the span of history, many schools of economic thought with specific theories and ideas about how the economy operates have competed, risen, dominated, and fallen. The ideology of the dominant economic school of thought at any point in history is strongly reflected by the types of economic policy that government leaders and legislators have implemented, and the effectiveness of those policies in addressing key economic issues has played a paramount role in not only determining the direction of future economic policy but also determining whether the currently dominant school of economic thought continues to dominate or if it proceeds to fade into history.

Michael Porter is a renowned economist and professor of Business Administration at the Harvard Business School, author of 18 books and more than 125 articles with topics that range from industry competition to economic development. Porter was born in Michigan and went on to study aerospace and mechanical engineering in Princeton from where he graduated first in his class and with high honors from both the prestigious societies Phi Beta Kappa and Tau Beta Pi, which he was also elected into. He is known as the “c” and is recognized worldwide for his take on competition and company strategy, many say that his work has redefined the thought process related to competition and economic development. Some of his most influential books include Competitive Strategy: Techniques for Analyzing Industries and Competitors, Competitive Advantage: Creating and Sustaining Superior Performance and Redefining Health Care: Creating Value-Based Competition On Results.

The country can maximize their wealth by putting the resources in the most competitive industries. Government created comparative advantage rather than free trade because now easier moves the production processes and the machines into countries that can produce more goods (Yeager & Tuereck, 1984). However, many countries now move to new trade theory suggests the ability firms to limit the number of competitors associated with economic scale (reduction of costs with a large scale of output) (Krugman, 1992). The comparative advantage occurs when two-way trade in identical products, it will useful where economic scale is important, but it will create problem with this model. As a result, government must intervene in international trade for protection to domestic firms (Krugman, 1990)

“Porter’s five forces”: Introduction. “Porter’s five forces” is widely applied in today’s business world. Harvard Professor Michael E. Porter’s first HBR article “How competitive forces shape strategy” was published in 1979. It became revolutionary in the field of strategy. Porter’s subsequent work has brought big changes to the study of competitive strategy for corporations, regions, and nations. With assistance from his colleagues from Harvard Business School, Porter continues to update and extend his classic work, providing practical guidance for

To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.

In the article “The Competitive Advantage of Nations” Michael Porter describes a diamond shaped relationship of forces that define a country’s potential for being competitive in a specified industry. The four points on the diamond representing the different forces are: factor conditions; demand conditions; firm strategy, structure and rivalry; and related and supporting industries. According to Porter, the four points apply pressure to each other resulting in a national

Mr Porter is stating that the notion of competitiveness has to be enlarged. Within an industry, a competitor refers to all economic actors able to reduce the present firm’s capacity to generate profit.

"The National Competitiveness" which examines the ability of a national economy of a particular nation to grow. It is measured through a set of factors, policies, and institutions that determine a country's level of productivity. However, Michael Porter assumes that the national competitiveness of businesses is linked with the performance of other businesses. The "Porter Diamond Model" or the "Porter Diamond theory of National Advantage" has been given this title because all factors that are significant in international business competition resemble the points of a diamond.

Comparative advantage is a principle developed by David Ricardo in the early 19th century to explain the benefits of mutual trade (Carbaugh, 2008). Many underlying assumptions of comparative advantage depend on states of economic equilibrium and an absence of economy of scale. In reality, economies are dynamic and subject to innovation and interference; which has led to revised assumptions of return and competition (Krugman, 1987). These factors have created questions of free trade and governmental participation in an economy by the development of strategic trade policies. These new concepts do not replace the theory of comparative advantage; however, they further explain how trade can benefit a country's economy (Krugman, 1987).

Any country should use porter diamond theory of national advantage. It's designed to help understand the competitive advantage nations. It suggests that the national home base of any organizations are playing a supportive role in shaping the size or scoop to which it is likely to achieve advantage on a global scale. This home base provides basic factors, which support organizations from building advantages in international competition. Porter classifies four determinants: Factor Condition, Diamond Condition, Relatives & supporting and Structure, strategy & Rivalry. Egypt government acts to catalysts to improve Egypt position in a globally competitive economic environment. They found that they can create new factors such as skilled labor and high technology (Porter M., 1990). Porter's diamond model suggests threat there are inherent reasons why some nations are more competitive than others on an international market. Another factor that influence in competitive advantages such as the policies that put by government. One of the most influencer policies is (FDI) Foreign direct investment