Make up 1st preleim - Econ 4450 Makeup 1st Prelim March 28,...

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Econ 4450 Make-up 1 st  Prelim March 28, 2009 Do all four questions If one answers all five, the last will not be graded (1) Japanese steel makers helped the founding of the Korean steel firm POSCO, while no  party from another country, steel makers or any others, did the same. Explain a)Whether this is an act of sheer generosity toward Korea by Japanese steel  producers? b)Which party in Japan gains from such development? c)What motivates steel makers in Japan to act this way but not in other countries? d)How did Japanese government cause such behavior of the Japanese firms? e)Why does this episode satisfy the Kemp Criterion for industrial policy? (2) Among the four Newly Industrialized Economies, Korea, Taiwan and Singapore  each has an electronics firm that is the largest supplier of some part of the computer  throughout the world, but not Hong Kong. Explain:
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Make up 1st preleim - Econ 4450 Makeup 1st Prelim March 28,...

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