1)Assume that you have been hired by an International Organization to be consulted on various

issues that the country Motherland faces. For this exercise, assume that Motherland is a small

agricultural economy.

The government of Motherland wants to jump start industrial production. Over time the

main objective is to convert this agricultural economy into an industrial nation. On the basis of

the experiences of Argentina and Singapore, what policies would you suggest? What policies

should be avoided? Explain your answer

2)Evaluate the following statement: "Infant-industry protection can be justified on the basis of the existence of learning-by-doing."