Problem
What am the disadvantages of engaging in strategic trade policy even in cases in which it can be shown to yield an increase in a country's welfare? Suppose the U.S. government were able to determine which industries will grow most rapidly over the next 20 years. Why doesn't this automatically mean that the nation should have a policy of supporting these industries' growth'?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.