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?
What information would a government require in order to increase the probability that its industrial policy would promote long-term self-generated economic growth?

Question

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?
 What information would a government require in order to increase the probability that its industrial policy would promote long-term self-generated economic growth?

Quizplus · Accepted Answer

The Answer of 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?
 What information would a government require in order to increase the probability that its industrial policy would promote long-term self-generated economic growth?

It May Be Argued That Japan's Explicit Promotion of Its