There are two questions related to Trade Regulations and Industrial Policies 1. Has industrial policy contributed...

There are two questions related to Trade Regulations and Industrial Policies

1. Has industrial policy contributed significantly to Japan's economic growth?

2. Explain how advocates of strategic trade policy differ from the classical free traders in their treatment of externalities?

Each student should respond both questions by one paragraph for each.

Expert Solution

Rahul Sunny answered 2 years ago

There are two questions related to Trade Regulations and Industrial Policies - Respond to both questions...

There are two questions related to Trade Regulations and Industrial Policies - Respond to both questions by one paragraph for each. 1. Has industrial policy contributed significantly to Japan's economic growth? 2. Explain how advocates of strategic trade policy differ from the classical free traders in their treatment of externalities?

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