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 competitive advantages, the United Arab Emirates faces the challenge of diversifying its economy away from reliance on oil and gas revenues to ensure long-term sustainability.
Saudi Arabia’s challenge lies in diversifying its economy away from oil dependency while fostering innovation and entrepreneurship in emerging sectors.
While Spain leverages robust factor conditions and dynamic industries for economic growth, addressing its high youth unemployment remains a critical challenge for sustaining long-term growth.
Australia’s geographic remoteness presents a challenge for accessing international markets efficiently despite its abundant natural resources and skilled workforce.
Despite its abundant skilled labor force and strategic location, Mexico faces challenges such as infrastructure deficiencies and regulatory hurdles that hinder its full economic potential.
Italy’s challenge lies in balancing tradition with innovation to maintain its competitive edge in rapidly evolving global markets.
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