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What is Diamond of National Advantage

Chapter 20
Handbook of Research on Economic Growth and Technological Change in Latin America
Dimensions proposed by Michael Porter (1990) that define national business environment affecting the development of a firm’s competitive advantage. The diamond model identifies four factors that determine national competitiveness: 1. Specialized factors; 2. Demand conditions; 3. Related and supporting industries; and 4. High Rivalry on the markets.
Published in Chapter:
Lessons Learned from Chilean Model of Innovation and Development
Juan Rock T. (Universidad de Talca, Chile) and Gordana Pesakovic (King University, Knoxville, USA)
Copyright: © 2014 |Pages: 14
DOI: 10.4018/978-1-4666-6224-7.ch020
Abstract
In this chapter, the focus is on the Chilean economy and its development based on the innovation strategies and policies applied in the country in the last 40 years. The country's performance is compared with others countries in the region and the developed economies. The main lesson learned from the Chilean experience for the small developing countries are that a small economy can use to its benefit, competitive advantages achieved by other countries. In order to do this a country needs an open foreign policy and transparent, safe and fair business policies.
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