The Research Paper provides an analysis of two different economic policies and attempts to answer the question whether the US is better off with industrial policy or free trade. The analysis reviews Japan's industrial policy of the 20. century in order to answer this question.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Industrial Policy
- Economic Freedom
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research paper explores the debate surrounding federal industrial policy in the United States, analyzing its potential benefits and drawbacks compared to free trade principles. The paper examines the historical context of industrial policy and its impact on economic growth, using Japan as a case study. It also delves into the concept of economic freedom and its relationship to economic prosperity.
- The role of government intervention in shaping industrial structures
- The relationship between free trade and economic growth
- The historical and contemporary debate surrounding industrial policy
- The impact of economic freedom on national prosperity
- The case study of Japan's post-war economic growth and its relationship to industrial policy
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter sets the stage for the paper by discussing the increasing globalization and interconnectedness of economies. It highlights the debate surrounding free trade versus government intervention in the form of industrial policy, particularly in the context of the US economy.
- Industrial Policy: This chapter delves into the concept of national industrial policy, outlining its objectives and the arguments for and against its implementation. The chapter explores the role of the government in shaping industrial structures, providing examples of industrial policies in action, particularly using Japan's post-war economic growth as a case study.
- Economic Freedom: This chapter examines the concept of economic freedom, outlining its core principles, such as free markets and protection of property rights. It discusses the relationship between economic freedom and economic prosperity, using the example of China's recent economic growth as a result of free trade policies.
Schlüsselwörter (Keywords)
This research paper focuses on the following key concepts: industrial policy, free trade, economic freedom, government intervention, globalization, economic growth, competitive advantage, protectionist policies, market forces, international trade, and national prosperity. The paper examines the interplay of these concepts and their impact on national economies, using historical examples and theoretical arguments to support its analysis.
- Quote paper
- Bachelor of Business Administration Alexander Hardt (Author), 2014, Industrial Policy vs. Free Trade: Does Federal Industrial Policy Make the US Economy better off, Munich, GRIN Verlag, https://www.grin.com/document/276592
