Abstract
Lead market ability constitutes an international competitive advantage for a nation, because it strengthens domestic firms and facilitates exports. In contrast, an idiosyncratic market is a disadvantage for domestic firms, since preference is given to innovation designs that cannot be easily exported and even risk being squeezed out of the home market. Therefore, it is of vital interest to governments that the domestic market is a lead market and not an idiosyncratic or lag market.
Suddenly, it seems, the sovereign states are feeling naked
Raymond Vernon (Sovereignty at bay, 1971)
Government policy does affect national advantage, both positively and negatively
Michael E. Porter (Competitive Advantage of Nations, 1990)
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© 2001 Springer-Verlag Berlin Heidelberg
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Beise, M. (2001). Epilogue: Implications for National Policies208 . In: Lead Markets. ZEW Economic Studies, vol 14. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57548-8_7
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DOI: https://doi.org/10.1007/978-3-642-57548-8_7
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1430-9
Online ISBN: 978-3-642-57548-8
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