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:

Osteoporosis

A bone disease characterized by decreased density and quality of bone, making them fragile and more likely to fracture.

Reproductive System

The body system involved in sexual reproduction, including the gonads, associated ducts, and genital structures in both males and females.

Rheumatoid Arthritis

A chronic autoimmune disorder that primarily affects joints, leading to inflammation, pain, stiffness, and potentially joint deformity over time.

Bone Resorption

The process by which bone tissue is broken down by the body, involving the release of minerals from the bone into the bloodstream.