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From Adam Smith To Michael Porter: Evolution Of Competitiveness Theory

Asia-pacific Business Series 2

By (author) Dong-Sung Cho
Format: Hardback
Publisher: World Scientific Publishing Co Pte Ltd, Singapore, Singapore
Published: 1st Nov 2000
Dimensions: w 159mm h 229mm d 19mm
Weight: 484g
ISBN-10: 9810244312
ISBN-13: 9789810244316
Barcode No: 9789810244316
Latest Edition: From Adam Smith to Michael Porter: Evolution of Competitiveness Theory (Extended Edition)Traditionally, a nation's international competitiveness has been explained by international trade theories originating from Adam Smith. However, today's global economy is too complicated to be explained by the traditional trade theories. Recently, Michael Porter of the Harvard Business School introduced a new competitiveness theory, the so-called diamond model. He differentiated his theory from the traditional trade theories by arguing that national prosperity is not inherited, but created by choices; in other words, national wealth is not set by factor endowments, but created by strategic choices. He showed different choices of creating wealth, which had been quite limited in the world of traditional trade theories. His diamond model has lately been extended by several scholars. This book highlights Porter's achievement by comparing it with those of traditional trade theorists and presents new developments of competitiveness theory. By discussing the "before" and "after" of Porter's theory, the authors provide the reader with a holistic picture of competitiveness theory.

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