Project #14725 - Business

Assignment

Comparative and Competitive Advantage

The terms 'comparative advantage' and 'competitive advantage' are often used interchangeably, when in fact they have rather different meanings and implications for international business.

1) Explain Ricardo's economic "Law of Comparative Advantage" – 100-150 words

2) Explain what Porter meant by his theory of "National Competitive Advantage" – 100-150 words

3) Explain the difference(s) between the two "theories" - approx. 100-150 words
[Hint: Paul Krugman (MIT), in criticizing Porter's work, said: "Nations don't compete; companies do."]

Usual comment about the word limits.

APA Style.

Subject Business
Due By (Pacific Time) 10/16/2013 12:00 am
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