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

Scope, what is scope of international economics

what is scope of international economics

Present the case against floating exchange rates, Q. Present the case again...

Q. Present the case against floating exchange rates. Answer: 1.The discipline obligatory on individual countries by a fixed rate would be lost. 2. Undermine specu

Explain integration of international trade, Explain Integration of Internat...

Explain Integration of International Trade and Foreign Investment

Effects of 9/11 on the size of the eurocurrency markets, Q. What do you exp...

Q. What do you expect would be the effects of 9/11 on the size of the Eurocurrency markets? Answer: Will increase because of fear that foreign deposits in the United States wi

What is international relationship, International relations (IR) is the stu...

International relations (IR) is the study of relationships among countries, including the roles of states, inter-governmental organizations (IGOs), international nongovernmental or

Opportunity cost, what are the different forms of opportunity cost theory

what are the different forms of opportunity cost theory

How the timing of a balance of payment crisis is determined, Q. Explain how...

Q. Explain how the timing of a balance of payment crisis is determined.  Be careful to state all assumptions.   Answer:  The assumptions of the model are: Prices are el

What is the integration of rm , What is the integration of RM in the intern...

What is the integration of RM in the international economic structures

Globalization, Globalization The procedure of interlinking financial ma...

Globalization The procedure of interlinking financial markets in various countries into a common, world pool of funds to be accessed by both between borrowers  and lenders. It

Behavior of inevitably and exchange rates, Q. "Even under flexible exchang...

Q. "Even under flexible exchange rate regime, governments should not be indifferent to the behavior of inevitably and exchange rates surrendered some of their policy autonomy in o

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