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August 07, 2007

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I am not sure why industrial policy can't be influenced by lobbyists; it could be because of the fact that it's backed up by big business.
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Wholesale Beads Consider the parallels with industrial policy. Interventions in each one of the conventional areas I just listed are justified by market failures that are widely felt to exist

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Too many chiefs and not enough indians. Government fingers in the industrial, or commercial pie is always going to make failure an end result. houston termite control

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Hi Dani! I am first time here on your blog and i have been reading your industrial plocicy for polite company. Its really very useful and informative.Wish you best of luck for your next coming posts and thanks for sharing your thoughts with us. Ecommerce Web Designer

Vikrantsays

In the last paragraph, you mentioned just as economist are capable of improving market institutions they should play a role in improving the government institutions too. In an ideal world, this would be a dream scenario but unfortunately too many external and internal pressures causes government to loose it's way. So much so that a president like obama from which everyone had high hopes appears to be struggling every single day he remains in the white house. I believe if the government is able to achieve even 50% of what it promised in all sectors like industrial growth, education, employment etc then one should term it a very good government.
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JBrighams

My take is that the strength of the system lies in its deep institutionalization...in the training and apprenticeship system...It is common to say that the German system was built on foundations that extend back to the medieval guild system -- what does this say about countries and cultures with profoundly different histories?
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John Moore

This is a very timely discussion, considering the current state of affairs in the Global economy. Here is the US the Democrats and Republicans are at each other's throats trying to decide who will benefit from the politics of raising the debt ceiling. Consider this short synopsis: Democrats are generally in favor of spending their way out of a recession; Republicans want to cut their way out.. who is correct? Anyways, as always economic policy is shaped by politics..what a shame.it would be nice if we had dis-interest parties who are impartial in their judgement.


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Yes! The joke, I'm sure I don't need to explain, is that not every state can succeed by poaching productions from other states, since what's made in one state can't be made in another. But that's not quite right. A subsidy allows a business to cut prices and artificially raise demand. Given generous enough subsidies, many more movies would be made, and each state could, potentially, have a thriving film industry. This is how higher education works, more or less.

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Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
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Yes, because industrial policy does not always fail. In fact, Policymakers must take into account these new realities. courses online

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It should be because industrial policy is private sectors coordinate their efforts to develop new technologies and industries. And I think it is really fit to the respectful companies. Horse Meds

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A thing which I need not to bother involving myself. The issues with this Industrial Policy are clearly beyond the scope of my concern as a student of teaching physical education.

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Democrats are generally in favor of spending their way out of a recession; Republicans want to cut their way out.. who is correct? Anyways, as always economic policy is shaped by politics..what a shame.


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Very well written, industrial policy are government ruling so figure it out...
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I was thinking of searching this kind of policy in the newspaper websites, but am glad I came here instead. Although glad is not quite the right word for my online english. But let me just say I needed this for my research work.

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Gainmoremuscle

Sure I agree that...

"rent-seeking costs of government intervention can be ameliorated through appropriate institutional design".

But this will never happen in my opinion. The government will fight tooth and nail to never change its policies about anything. It's about money, power and control unfortunately.

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I think a friend of mine studying economics will have better chances of understanding this post.

no wonder I took engineering. *wink*


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John Tyrone Williams

Yes, you were right in saying that the debates in these policy areas are rarely ever about whether the government should be involved. That's what I think so, too.

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