Overview

The existing reports on national competitiveness and rankings such as IMD World Competitiveness Yearbook and WEF Global Competitiveness Report have attracted criticism for lacking rigor in their analytical models and methodologies. To address the problems and limitations of these models, this book presents a new model (the double diamond-based 9-factor model) which is an extension of Michael Porter's single diamond. In addition, with a robust set of methodologies, this new approach offers a number of key policy implications for countries around the world that wish to enhance their national competitiveness. The analytical tools used in this book can be further utilized for other units of analysis such as industries and firms. As this book provides a series of sophisticated methodologies and specific guidelines for enhancing national competitiveness, both academics and practitioners can derive useful implications from this research. Alongside the theoretical frameworks and methodologies for national competitiveness presented in this book, timely topics are included such as the COVID-19 pandemic and the US–China trade war. This book also includes various country-specific real-world cases that are assessed from the perspective of both developed and developing countries.

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9781800610484

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Professor Dong-Sung Cho is Chairman of the Institute for Industrial Policy Studies (IPS) and Professor Emeritus and former Dean of Business School at Seoul National University. After he received a doctoral degree from Harvard Business School, he worked at Gulf Oil Corporation in Pittsburgh before joining Seoul National University. He has been a visiting professor at Harvard Business School, University of Michigan, Boston University, Duke University, INSEAD, Helsinki School of Economics (now Aalto University), University of Sydney, the University of Tokyo, Hitotsubashi University, Peking University, and others. He has authored or co-authored 115 academic papers in major journals and 70 books on topics such as business strategy, international business, and national competitiveness. He has also been chairing the Board of Inspection, Supreme Prosecutors' Office in the Republic of Korea since 2016 and Honorary Consul General of Finland in Korea since 2004. He also served as the President of Incheon National University for four years. He is on the top in the list of ""Representative Management Gurus"" in Korea. Professor Hwy-Chang Moon (PhD from University of Washington) is Professor Emeritus at Seoul National University and Chairperson of the Institute for Policy and Strategy on National Competitiveness (IPSNC). He is also Consultant to United Nations Conference on Trade and Development (UNCTAD) and Honorary Ambassador of Foreign Investment Promotion for South Korea. He has taught as fulltime or invited professor at University of Washington, University of the Pacific, State University of New York at Stony Brook, Helsinki School of Economics, Keio University, and Stanford University. He has conducted many consulting/research projects for multinational companies (e.g., Samsung Electronics), international organizations (e.g., UNCTAD), and governments (e.g., Korea, Malaysia, Dubai, Azerbaijan, Guangdong Province of China, and India). For interviews and debates, he has been invited by international newspapers and media, including New York Times, NHK World TV, and Reuters. He has published numerous articles and books, including The Strategy for Korea's Economic Success (2016, Oxford University Press) and The Art of Strategy: Sun Tzu, Michael Porter, and Beyond (2018, Cambridge University Press).

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