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Author Question: Explain why industrial policies are controversial. What will be an ideal ... (Read 64 times)

storky111

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on: Jun 30, 2018
Explain why industrial policies are controversial.
 
  What will be an ideal response?

Question 2

The high-growth Asian economies have been more open to imports than most developing countries.
 
  Indicate whether the statement is true or false


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mmj22343

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Reply #1 on: Jun 30, 2018
Answer to Question 1

In some cases, they end up wasting large sums of money. It is difficult to know what the best industries to promote are, and so government resources may not be used effectively. Better outcomes may be achieved by simply providing the basic components of a well-functioning economy, including education, stable institutions, and sound macroeconomic policies. Additionally, there are a number of problems such as the difficulty of measure the size of market failures and rent seeking.

Answer to Question 2

TRUE


storky111

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Reply 2 on: Jun 30, 2018
Gracias!

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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