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

question 24

Essay

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?

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Definitions:

Shared Behaviors

Actions or practices that are commonly exhibited by members of a group, organization, or community.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees behave within an organization.

Organizational Rituals

Set activities or routines that are performed regularly within an organization, contributing to its culture and unity.

Company Motto

A short, memorable phrase that encapsulates the ideology, purpose, or culture of a company.