Exam 5: A State-Centered Approach to Trade Politics

Countries losing high-technology industries as a consequence of the industrial policies pursued by other countries often respond by supporting their own firms in a similar way.

In the context of industrial policies,strong states are characterized by a

Efficiency gains realized as a result of greater experience dynamics are often called

Compare and contrast the relative costs and benefits of tariffs versus subsidies and/or public loans in infant industry protectionism.

An infant industry firm may be reluctant to borrow from private markets instead of relying on a public subsidy when they fear that

The logic of infant industry protection was first developed to

A late-industrializing country is one that is trying to develop manufacturing industries in competition with established manufacturing industries in other countries.

Explain how government R&D subsidies and procurement policies affected strategic trade rivalries in the semiconductor and commercial aircraft industries between the US,Japan & the EU in the past thirty years.

The infant industry case for protection argues that

Economies of experience arise when the cost of production falls

Microfoundations are explanations that set out the incentive structure that

Economies of experience arise when efficient production requires specific skills that can only be acquired through extensive research and development in the industry.

Which of the following reasons is NOT one of the ones used to justify subsidies to high technology industries in advanced industrialized countries?

___________ is often depicted as the preeminent example of a strong state that has been able and willing to use industrial policy to promote economic development.

Subsidies are more efficient than tariffs because they better

Explain the differences and similarities between society-centered and state-centered approaches to trade politics.

Industrial policies that encourage the development of green technology

Economies of scale arise when the average cost of production falls

European global commercial aircraft firms were able to catch up to American firms by the late 1990s because

How does strategic trade theory provide the justification for industrial policy in high technology industries?