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South Korea has the highest per capita rate of cosmetic surgery in the world. Please watch...

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General Management

South Korea has the highest per capita rate of cosmetic surgeryin the world. Please watch the video "Behind the plastic surgeryboom in South Korea". Apply the framework of diamond of nationaladvantage and explain why this industry is so strong in SouthKorea. Specifically, what factors influence South Korea’scompetitiveness in plastic surgery industry? You are encouraged toconduct some outside research. Please make sure that you cite thesources and list the references

Answer & Explanation Solved by verified expert
4.4 Ratings (949 Votes)
According to Porters diamond model of national advantagethe most important elements for deciding the comparitive advantage in a specific industry are the demand and factor conditions Demand conditions refer to size and nature of the customer base and factor conditions refer to the    See Answer
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