Example of successful industrial policy

Reference no: EM1353200

It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial policy. What criteria would you apply to determine whether such a policy is or is not successful?

Judging from your own stated criteria, was Japan's exercise successful? Why or why not? Please explain in detail in 200 words or more.

Reference no: EM1353200

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