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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International Economics Theory And Policy

ISBN: 9780321116399

6th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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