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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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