It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial policy. (a). What criteria would you apply to determine whether such a policy is or is not successful (would like to see economic theories and not personal opinions)? Judging from your own stated criteria, was Japan's exercise successful? Why or why not? (b). What information would a government require to increase the probability that its industrial policy would promote long term self-generated economic growth? (c). China is currently focused on core electronics, high-end general microchips, and basic software in its industrial policy. Contrast the Chinese focus with the experience of Japan