STRATEGIC ADVANTAGES AND COMPETITIVENESS ADVANTAGES OF LATVIA, IN THE CASE OF TIMBER INDUSTRY

Abstract

This paper will study the manufacturing competitiveness of Latvia taking the example of the wood industry. The theoretical knowledge of competitiveness will be analyzed together with the official data of reports and scholarly literature. By calculating Revealed Comparative Advantage, and shows the advantages in the industry of Latvia compared to other economies. Explaining the process with help of competitive theory. Moreover, the article gives reasons for resource sustainability. At the end of the article there is given suggestion for diversification in export to increase the amount and product types of the export.