1. You have been hired to compose a defense of the idea of having a government plan to subsidize the expansion of an export-oriented industry, taking resources away from the rest of the economy. Describe how you would defend such an industrial targeting strategy as good for the nation as a whole.

2. You have been hired to discredit the argument you just presented in answering the previous question. Present a strong case against getting the government into the export-pushing business.

Be clear and to the point for each question, as it has to pertain to International Economics and Finance.