Discuss the below in detail:
1. During a brain storming session of Gulf Economic DevelopmentCommission* (GEDC), a member of the commission was heard commentingthat his country's prosperity grow out of natural resources, labour pool, interest rates and the value of his country's currency. Do you agree with his view? Yes / No.Discuss and critically analyze thejustification of your answer above, supporting it with real life examples. (1000 words)
2. Members of the above commission (GEDC) were wondering why are certain companies based in certain nations capable of consistent innovation? Why do they ruthlessly pursue improvements, seeking an ever more sophisticated source of competitive advantage? Why are they able to overcome the significant hurdles to change and innovation that so often accompany success?Critically and elaborately discuss your answer supporting it with real life examples (1500 words)
3. As a strategist, what role of the government would you suggest to the members of commission to improve their nations' competitiveness? (500 words)