The Nation

John Kay

in Foundations of Corporate Success

Published in print April 1995 | ISBN: 9780198289883
Published online November 2003 | e-ISBN: 9780191718205 | DOI:
 The Nation

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Explains the relation between competitive advantage in the firm and competitive advantage in the national economy. In the context of a free market system, the former can lead to the other, given that inequality of information, externalities, and the existence of natural or strategic monopolies are absent. The basic sources of competitive advantage of nations are similar to the sources of competitive advantage for firms, i.e. sustainable and appropriate distinctive capabilities of architecture reputation and innovation.

Keywords: appropriability; architecture; competitive advantage; distinctive capabilities; innovation; national economy; reputation; sustainability

Chapter.  6700 words. 

Subjects: Microeconomics

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