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Essay Details:
Essay text:
The
United States could adopt some of these industrial policies to help foster
emerging high tech businesses and help existing U.S. business remain competitive
with East Asia.
In Japan the government both during the Meiji period and the post World
War II period followed a policy of active, sector selective industrial targeting.
Japan used basically the same model during both historical periods. The Japanese
government would focus its tax incentive programs, subsidies, and R&D on what it
saw as emerging industries. During the Meiji period Japan focused it's attention
on emulating western technology such as trains, steel production, and textiles...
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