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Questions and Answers
What is the main focus of industrial policy?
What is the main focus of industrial policy?
- Promoting agricultural development
- Improving healthcare facilities
- Enhancing transportation networks
- Fostering industrial development (correct)
What are the economic rationales for industrial policy?
What are the economic rationales for industrial policy?
- To decrease employment opportunities
- To reduce government intervention in the economy
- To increase competition among industries
- To correct market failures and promote economic growth (correct)
Does industrial policy work?
Does industrial policy work?
- Yes, it always leads to economic prosperity
- It depends on the specific context and implementation (correct)
- Only when there is no government intervention
- No, it has never been effective
What are the principles of 'Smart' industrial policy?
What are the principles of 'Smart' industrial policy?
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