Question

"Competitive advantage of nations" is a phrase coined by Joseph Stiglitz, identifying a nation as having a cluster of similar producers which gives the nation a special advantage over other countries.

True / False.

Answer 1

False

Step-by-step explanation:

The authors who first mentioned this concept were the classics, Adam Smith and David Ricardo especially, and it was David Ricardo the first economist in developing a whole theory about international trading and competitive and comparative advantages among nations, recently Michael Porter has developed a similar theory called the Porter's diamond in which he determines the factors that make countries more competitive and through which they achieve business success, he wrote a book called "the competitive advantage of nations".