Diamond Model
Illinois’ strengths in workforce and infrastructure support growth, but sustaining innovation in a competitive global market remains a challenge.
Despite Washington, D.C.’s strong competitive advantages driven by government demand, intellectual capital, and innovation, the city’s reliance on federal contracts presents a challenge in diversifying its economy for long-term sustainability.
Hawaii’s competitive advantages in tourism and sustainability offer long-term potential, but challenges such as high costs, geographic isolation, and dependence on imports hinder its economic resilience.
Despite its strong competitive advantages, New York faces the challenge of maintaining its economic leadership amidst rising costs, inequality, and the need for continuous innovation.
Macau’s competitive edge as a global gaming hub is strong, but its heavy reliance on gaming challenges its long-term sustainability, necessitating diversification and innovation to remain competitive.
Despite Venezuela’s vast natural resources, its long-term economic prospects are challenged by severe political instability, economic mismanagement, and inadequate infrastructure.
Despite Finland’s strong competitive advantages in innovation, education, and sustainability, the challenge remains to continuously adapt and innovate in the face of rapidly changing global markets and technological advancements.
Nigeria’s competitive advantages in natural resources and a youthful population offer significant growth potential, but overcoming infrastructural deficits and regulatory inefficiencies remains a critical challenge.
Despite its rich oil reserves, Iraq faces the significant challenge of economic diversification and infrastructure development to stabilize and grow its economy.
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