What Are the Conditions Under Which First-Mover Advantages Diminish and Fast-Follower

question 76

Essay

What are the conditions under which first-mover advantages diminish and fast-follower advantages increase?

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Definitions:

Independence

The state of being free from external control or influence, self-governance, or autonomy.

International Agreements

Treaties or accords reached between countries, typically involving cooperation on mutual interests or common goals.

Colonialism

The practice of acquiring full or partial control over another country, occupying it with settlers, and exploiting it economically, often associated with imperialism.

Poverty

A condition where individuals lack sufficient income or resources to achieve a minimum standard of living.