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Author Question: How can government best promote domestic industry? What will be an ideal ... (Read 87 times)

frankwu

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on: Jun 30, 2018
How can government best promote domestic industry?
 
  What will be an ideal response?

Question 2

How does the Washington Consensus differ from the Santiago Consensus?
 
  What will be an ideal response?


jackie

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

The key here is to choose positive steps - R&D, training, promoting competition - as opposed to restrictive steps that favor particular firms and create monopolies.

Answer to Question 2

The Santiago Consensus stresses poverty alleviation and the government taking responsibility for poverty alleviation. The Washington Consensus was much more free market based. See the chapter for more details.


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