Year: 2020
Type: article
Abstract: The article intends to consider the principle of the world economy evolution which is evidence that the competitive advantages of countries have always taken priority over the comparative ones, nature-driven growth reserves of national economies. Initially, a special role in their generation and ongoing improvement was played by the ability of domestic economic actors, including the state itself, to be able to create products with higher added value in order to achieve goals within the framework of the formulated strategies on the basis of their own resource base. The study revealed that over the years, practice has shown that a unique position in the system of international economic relations can be achieved by those countries that form their own competitive advantage through the use of foreign resource base, while maintaining domestic resource factors of production. The text refers to China which is a good example of a country that has followed this path and was able to form a sustainable competitive advantage, whose experience could be useful for Russia.
Source: Russian and Chinese Studies
Authors: Maria Balashova, Anastasiia Trufanova
Institution: Baikal State University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3149701984