Managing in Global Environment
Please help me finish this homework. No Plagiarize Please.
Adam Smith wrote about the “invisible hand’ and was in favor of free trade. Michael Porter wrote about national competitive advantage.
Discuss how these 2 theories are related. State and explain your stance on free trade based upon your understanding and agreement/disagreement with these 2 theorists.
The PowerPoint will help you.
Answer PreviewInvisible hand is a process in which result to be elaborated is produced with no detailed agreement between the agents. The other basic component is that the process is not intentional. The agents’ aims are not related to the actual results which are the byproducts of the aims. Competitive advantage as stated by Michael Porter is a function which compares buyer value…
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