Marketing

Diamond

Global strategy

Diamond model

China

Economics

Market economy

Business

International trade

Globalization

Organic chemistry

Political science

Industrial organization

Multinational corporation

Chemistry

Finance

International Business Review

Globalization is very important for small economies such as Korea and Singapore. The single diamond model (Porter, 1990, The competitive advantage of nations) suggests some important determinants for a nation's global competitiveness. However, this model is incomplete, mainly because it does not incorporate multinational activities. A new approach, the generalized double diamond model (Moon et al., 1995, in Research in global strategic management: Volume 5: Beyond the diamond) offers some important extensions to Porter's original model. To test the validity of these two models this paper evaluates relevant data for both domestic and international variables in the case of Korea and Singapore. The results generally support the generalized double diamond model

A generalized double diamond approach to the global competitiveness of Korea and Singapore