Engaging in strategic trade policy


Problem: Suppose the U.S. government was able to determine which industries would grow the most rapidly over the next 20 years. Explain why this doesn't necessarily mean there should be a policy to support the growth of these industries. Analyze the disadvantages of engaging in strategic trade policy, even in cases where it can be slow to yield an increase in a country's welfare.

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Microeconomics: Engaging in strategic trade policy
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