Long term self-generated economic growth, International Economics

Assignment Help:

Q. It can be argued that Japan's explicit promotion of its microchip industry was an excellent paradigm of successful industrial policy. What criteria could you apply to calculate whether such a policy is or is not successful? Judging from your own stated criteria, was Japan's exercise successful? Why or why not? What information would a government needs in order to increase the probability that its industrial policy could promote long term self-generated economic growth?

Answer: It is dispute that Japan's subsidies to its nascient microchip industry were an important factor in putting Japan on the world map in this area. Though minimal criteria for a successful industrial policy would be that the infant industry mature and that it prove to be a profitable area of the country's comparative benefit, In this case one might dispute that the latter part of the above statement wasn't fulfilled since the microchip industry was adopted by thus many countries that it became a "commodity". Specifically it became a product with a very low profit margin which wasn't really a good use of Japan's resources given their alternative uses.


Related Discussions:- Long term self-generated economic growth

Why is the u.s. dollar considered a vehicle currency, Q. Explain what a "v...

Q. Explain what a "vehicle currency" is. Why is the U.S. dollar considered a vehicle currency? Answer: A vehicle currency is one specifically widely used to denominate inter

What are predictions for the long run of monetary approach, What are the pr...

What are the predictions for the long run of the Monetary Approach? Answer:     Money supplies- Known the equations

Explain the phenomenon of capital flight, Q. Explain the phenomenon of capi...

Q. Explain the phenomenon of capital flight. Answer: The reserve defeat accompanying a devaluation scare is habitually labeled capital flight for the reason that the assoc

Germanys economic welfare, Q. At the conclusion of World War I, Germany, a...

Q. At the conclusion of World War I, Germany, as a punishment, was obliged to take a large transfer to France in the form of reparations. Is it possible that the actual reparation

Write about masculinity vs. feminity of culture, 1. Write about masculinity...

1. Write about masculinity vs. feminity of culture. 2. Write a note on ‘Organic effect' that affect the decision making process. 3. What is ‘Ad Valoram' rate of duty? 4. What is ‘D

Trade, What are the reasons behind the growing importance of services in tr...

What are the reasons behind the growing importance of services in trade ?

Law of demand, Explain the law of demand. Briefly discussed the exception t...

Explain the law of demand. Briefly discussed the exception to the law of demand

Float-rate regime against non-euro currencies, Q. Explain why after, say No...

Q. Explain why after, say Norway unilaterally pegs the krone to the euro, domestic money market disturbances will no longer affect domestic output despite the continuation of float

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd