NDLI: A Dynamic Approach to International Competitiveness: The Case of Korea

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A Dynamic Approach to International Competitiveness: The Case of Korea

Content Provider	Scilit
Author	Cho, Dong-Sung
Copyright Year	2020
Description	Michael Porter's work helps explain the sources of international competitiveness possessed by the economies of advanced nations, but has a limited application when it comes to explaining the levels and dynamic changes of economies in less developed or developing countries. The experience of Korea's economic development in the past three decades reveals how groups of well-educated, motivated, and dedicated people have played a central role in not only shaping the nation's competitiveness but also moving the nation dynamically from a less developed stage to an advanced one. One misconception of international competitiveness is based on the notion that it depends on a plentiful supply of labour, capital and natural resources at low prices. This economic theory mistakenly links a nation's international competitiveness to its factor endowments. Endowed resources are only a part of many determinant factors. Book Name: The Competitive Advantages of Far Eastern Business
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.1201/9781315037462-2&type=chapterpdf
Ending Page	36
Page Count	20
Starting Page	17
DOI	10.1201/9781315037462-2
Language	English
Publisher	Informa UK Limited
Publisher Date	2020-04-23
Access Restriction	Open
Subject Keyword	Book Name: The Competitive Advantages of Far Eastern Business History and Philosophy of Science International Competitiveness Economies Endowments Central Role Dynamic Changes
Content Type	Text
Resource Type	Chapter

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