Industrial Policy - Criticism

Criticism

The main criticism against industrial policy arises from the concept of government failure. Industrial policy is seen as harmful as governments lack the required information, capabilities and incentives to successfully determine whether the benefits of promoting certain sectors above others exceeds the costs and in turn implement the policies. The East Asian Tigers provided successful examples of heterodox interventions and protectionist industrial policies, industrial policies such as import-substitution-industrialization (ISI) has failed in many other regions such as Latin America and Sub-Saharan Africa. Governments in making decisions with regard to electoral or personal incentives can be captured by vested interests, leading to industrial policy would only supporting rent-seeking the political elite, while distorting the efficient allocation of resources by market forces at the same time.

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Other articles related to "criticism":

Yoot Tower - Criticism
... The game was dismissed by some game review websites and magazines as being too much a rehash of the original SimTower ... Many wrote the game off as being basically identical to its predecessor ...
Psychoanalytic Literary Criticism - Overview
... The object of psychoanalytic literary criticism, at its very simplest, can be the psychoanalysis of the author or of a particularly interesting character in a given work ... In this directly therapeutic form, the criticism is very similar to psychoanalysis itself, closely following the analytic interpretive process discussed in ... However, more complex variations of psychoanalytic criticism are possible ...
Yuri Knorozov - Critical Reactions To His Work
... and his thesis came under some severe and at times dismissive criticism ... Knorozov persisted with his publications in spite of the criticism and rejection of many Mayanists of the time ... position and standing at the institute was not adversely influenced by criticism from Western academics ...
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... The company was the subject of an urban myth stating that it tried to trademark the term "Nazi" ... This was based on a supplement for the Indiana Jones RPG, in which some figures were marked with "NaziTM" ...
Joseph Justus Scaliger - Academic Output
... during this period of his life that he composed and published his books of historical criticism ... first to lay down and apply sound rules of criticism and emendation, and to change textual criticism from a series of haphazard guesses into a "rational procedure subject to fixed ... Instead, they valued his emendatory criticism and his skill in Greek ...

Famous quotes containing the word criticism:

    Homoeopathy is insignificant as an art of healing, but of great value as criticism on the hygeia or medical practice of the time.
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