2. The U.S. Commerce Department has urged that the United States provide special support for its high-technology
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2. The U.S. Commerce Department has urged that the United States provide special support for its high-technology industries. It argues that these industries have the prospect of rapid future growth, provide inputs to many other industries, and generate technology that benefits the whole economy. Furthermore, some U.S. high-technology industries such as aircraft and microelectronics face challenges by governmentsupported foreign competitors. Which of these arguments might be valid reasons for the United States to have a policy targeting these industries?
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Related Book For
International Economics Theory And Policy
ISBN: 9780321116399
6th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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