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5. Economic growth and public policy Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example

5. Economic growth and public policy Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example of foreignportfolio investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research and development in health and sciences Imposing restrictions on foreign ownership of domestic capital Pursuing inward-oriented policies Protecting property rights and enforcing contracts What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting? Inward-oriented policies that protect domestic firms from foreign competition Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal justice systems Improvements in technology from the incentives created by a better patent system Improvements in worker health from better nutrition

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