%0 Journal Article
%T Resources, competitiveness, and socioeconomic development: The case of a South American emerging economy
%A Abel D Alonso
%J Local Economy
%@ 1470-9325
%D 2019
%R 10.1177/0269094219829717
%X This study contributes to the regional development and entrepreneurship literature, examining the significance of resources in the context of Uruguay¡¯s main industries for the nation¡¯s socioeconomic development through the lens of the resource-based theory of the firm. Face-to-face interviews were conducted with 47 key informants representing public and private entities. Alignments between the findings and the resource-based theory of the firm emerged, in that strategies implemented to improve the competitiveness of main Uruguayan industries were based on valuable, rare, imperfectly imitable, and non-substitutable resources. However, decisive external factors triggering demand, investments, and modernisation are equally significant in generating competitive advantage. A refinement of the resource-based theory of the firm based on the study¡¯s results is proposed; implications are discussed; and future research opportunities suggested
%K competitive advantage
%K industries
%K industry stakeholders
%K internationalisation
%K resource-based theory of the firm
%K socioeconomic development
%K Uruguay
%U https://journals.sagepub.com/doi/full/10.1177/0269094219829717