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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 criteria, was Japan's exercise successful? Why or why not? What information would a government require to increase the probability that its industrial policy would promote long-term self-generated economic growth?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9272799

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