Knowledge Management, Competitive Advantage and Risk Management. The Interlinkage

Nowadays, when we speak about the economic performance of a firm, region or country, at the regional or world level, we always mention their state in economy of knowledge as well their competitive advantage and how their risk for doing business is being improved.This article tries to establish through a theoretical approach a relationship between Knowledge Management (KM) and competitive advantage as well their relationship with Risk Management, without forgetting to show how these relationship are different in different countries of the world.KM, competitive advantage and risk management through KM are linked, when we talk about competition in the global market.All countries that have their nature of competitive advantage from their unique products must increase or improve their competitive advantage in the global market.Those countries that have good as well as poor KM, and competitive advantage due to their low cost or natural resources, must associate ther KM to their competitive advantage