Diamond Model versus WTO (World Trade Organisation)

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Forum 9 Reginald Mathe Mazibuko Director, South Africa Diamond Model versus WTO (World Trade Organisation) Liberalization of barriers to trade impacts the viability of the Diamond Model especially for emerging market countries or weak countries in terms of bargaining power in trade negotiations. I think the model works better for powerful nations than the less powerful. Example is the reformulated and conventional gasoline standards by the USA on Venezuela products. X Welcome to the Diamond Model and Clusters forum. The topic being discussed here is: "Diamond Model versus WTO (World Trade Organisation)". Log in   Comments Rating   0 Luis Garcia-Calderon Professor, Mexico   Diamond Model versus WTO Liberalization of barriers to trade is part of the Washington consensus for emerging countries. It has not worked. Not even powerful nations like the U.S. apply liberalization of barriers to trade totally. Just take a look to the agricultural industry, it is highly protected by the U.S. Federal government. The diamond does work for emerging countries or developed countries. The government role to facilitate and foster the development of the four factors is crucial in many regions and industries, even limiting open barriers to trade to fully develop regional industries. Look at China.   Leave a comment Share your knowledge or experience

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More on Diamond Model and Clusters: Summary Discussion Topics Success Factors of Economic Clusters Chance in Diamond Model Clusters and Knowledge Economy 👀 Diamond Model versus WTO (World Trade Organisation) China's Labor Cost Advantage Flower Industry in Kenya Ugly Side of Nigerian Business What makes Clusters Start at some Place? How are Clusters Initiated? The Contribution of Government Governments' Role in Comparative Advantage Nation Advantages and Firm's Advantages 🔥 Effects of Setting up Industry Clusters in a Country Contribution of Diamond Model to International Research How to Integrate the Cluster in the Company? Membership Organisations

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Diamond Model and Clusters Knowledge Center

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