Chapter

The growth and competitiveness of nations: Porter's contribution

Brian Snowdon

in Competition, Competitive Advantage, and Clusters

Published in print February 2011 | ISBN: 9780199578030
Published online May 2011 | e-ISBN: 9780191724923 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199578030.003.0009
The growth and competitiveness of nations: Porter's contribution

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This chapter assesses the contributions Porter has made with The Competitive Advantage of Nations and his involvement in the World Economic Forum's Global Competitiveness Report. It focuses on Porter's attempt to bridge the gap between the micro-oriented strategic management literature, and the economics literature relating to economic growth, development, and trade. The chapter indicates that Porter's analysis of the competitiveness of nations has proved to be an important and stimulating, if controversial, contribution. In particular, Porter has ignited debate on the meaning and measurement of ‘competitiveness’ in the context of nations and regions. Furthermore, Porter's leadership and research contribution to the production of the World Economic Forum's (WEF) annual Global Competitiveness Report (GCR) has highlighted the importance of a nation's microeconomic fundamentals in providing the sound foundations necessary to foster sustained economic development and growth.

Keywords: Michael Porter; competitiveness; World Economic Forum; Global Competitiveness Report; microeconomics

Chapter.  7838 words.  Illustrated.

Subjects: Business Strategy

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