This paper evaluates the Diamond of National Advantage and discusses how a country can attract and retain Foreign Direct Investment (FDI). The paper explains the six national level elements that focus on the country's competitive advantage and how to apply them to attract and retain FDI. The elements include factor conditions, demand conditions, firm structure, strategy, and rivalry, supporting and relating industries, chance, and government. The paper also discusses how the government can implement national advantages by focusing on the greater expectations from the performance of products, environmental or safety standards, and encouraging vertical coordination between buyers and suppliers on the domestic and global market.