Industrial Policy vs. Free Trade: Does Federal Industrial Policy Make the US Economy better off

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Seminar paper from the year 2014 in the subject Business economics - Economic and Social History, grade: 1, 0, Texas A&M, University (Texas A&M, University-Commerce), language: English, abstract: 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.