In this one-hour executive video lecture, Porter asks the question “Why do some region increase their prosperity?”. He argues that it is based on the productivity of that region. If that is a productive place to do business, it automatically becomes prosperous. Valuable output gives high wages, a good return on that capital. Productivity has to do with a great deal of things – infrastructure, jobs, etc. However, it matters little what field you are found in, e.g. shoes, semiconductors, IT, high tech, etc. What really matters is how sophisticated you are in whatever you do.
Watch the rest of the lecture here:
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