discussion ECN500

Description

Industrial Policy in Practice: Balancing State

Intervention and Market Forces

Developing nations have employed industrial policies to foster technological upgrading and sectoral diversification.

Discuss how modern industrial policies differ from traditional “developmental state” models, particularly in addressing challenges like transnational corporation (TNC) dominance and credit market failures.

Should developing countries prioritize covert industrial policies to avoid WTO disputes or backlash from international financial institutions? Justify your position using examples of trade-offs between policy transparency and strategic flexibility.

Directions:

Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 500 word limit.

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