Shows how the value chain can be used to analyze the sources of international strategic advantage. The author argues that it is important to distinguish between competitive and comparative advantages. He looks at the structural changes in the global economy, and argues that they reflect changes in comparative advantage. The impact of these changes results in only a few options for firms face competition from imports and have no competitive advantage. If global benefits acquired international participation, could not compete returns to internal competition between firms with different national names. "Hide
by Bruce Kogut Source: MIT Sloan Management Review 16 pages. Publication Date: July 1, 1985. Prod. #: SMR001-PDF-ENG
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