Industrial Policy Seeks to Direct Resources to Declining Industries in Which

question 118

True/False

Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote.

---

Definitions:

Los Angeles

A major city in southern California, known for its film and entertainment industry, particularly Hollywood.

Early 1990s

The early 1990s refers to the period from 1990 to 1993, characterized by significant global events, including the end of the Cold War, the dissolution of the Soviet Union, and the beginning of the digital revolution.

Troop Surge

A military strategy involving the rapid deployment of additional forces to a conflict area to achieve strategic objectives.

Obama's Foreign Policy

The international relations strategy pursued by the administration of President Barack Obama from 2009 to 2017, notable for its emphasis on diplomacy, multilateralism, and coalition-building.