International competition. Competitive advantages of countries. Porter M.

How do nation achieve prosperity and well -being in the global economy? To find out, Michael Porter conducted a fundamental study. For four years, he studied ten of the most significant economic players in the world. The author analyzed many characteristics and factors and presented evidence that traditional comparative advantages, such as the presence of natural resources and cheap labor, are no longer the main sources of the well -being of countries. Porter's work became classic and influenced the development strategies of the largest businesses and organizations. The results of this study are of undoubted interest to managers and top managers, the number of tasks of which include the formation of global competitiveness.