Flaws in Porter's competitive diamond?

Abstract

The Competitive Advantage of Nations is an impressive piece of historical research. Michael Porter meticulously documents a series of studies intended to answer the question, “Why do some nations succeed and others fail in international competition?” The exposition is certainly timely, given the recent economic developments of German unification; the flux in Eastern Europe; the US‐Canada Free Trade Act; and the imminence of EEC '92 and Hong Kong '97. All presage major shifts in the rules of the market and the economic game. But those looking for the definitive answer on how to play to win had best keep looking elsewhere for practical solutions and direction.

Citation

(1990), "Flaws in Porter's competitive diamond?", Planning Review, Vol. 18 No. 5, pp. 28-33. https://doi.org/10.1108/eb054303