This preview shows page 1. Sign up to view the full content.
Unformatted text preview: example of a government policy choosing a growth sector. Was this successful? a. The migrants from India to the U.S. used their connections back home to establish call centers. ..(service sector exports) after they had established their own U.S. firms. An example of the government choosing a growth sector is when Argentina began to produce automobiles as a result of the government's industrial policy decision. This was much less successful than the Indian example. According to Woo in his testimony before the U.S. - China Economic and Security Commission, is China to blame for the current economic crisis? Does he believe that imposing trade restrictions is advantageous? a. No, he does not believe that China is at fault. If the U.S. were to impose trade restrictions then China's growth would be threatened which would damage the U.S. economy. 2. J....
View Full Document
This document was uploaded on 10/10/2011.
- Winter '09