Learning and the Dynamics of International Competitive Advantage

William Lazonick

Chapter 10 in Learning and Technological Change, 1993, pp 172-197 from Palgrave Macmillan

Abstract: Abstract To produce goods and services requires knowledge. To acquire knowledge requires learning. Given a society’s endowment of physical resources, the more it learns, the greater its productive potential. Learning can enable producers to use existing technologies more effectively. Learning can also enable producers to discover ways to substitute for those resources with which they are meagrely endowed. Learning, therefore, can both improve a society’s productivity on the basis of available technologies and its ability to generate new technologies.

Keywords: Competitive Advantage; Investment Strategy; Business Enterprise; Shop Floor; Cost Curve (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-22855-3_10

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