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Disadvantages of industrial policy?

The disadvantages of industrial policy are that it creates industries that are inefficient and causes unemployment increases internationally.


Shortfalls of the industrial policy pursued by British colonial administration?

The following were some of the shortfalls of the industrial policy pursued by the British colonial administration: 1) The decline of the indigenous handicraft industries. 2) Slow progress of modern industries. 3) Absence of capital goods industries. 4) The contribution of the industrial sector to the G.D.P. remained very small.


Which economic policy was used to help American industry during the Second Industrial Revolution?

laize fair


What policy is the type promoted by the British leader Queen Victoria during the industrial revolution?

During the Industrial Revolution, Queen Victoria promoted a policy of imperialism, which emphasized the expansion of the British Empire. This policy aimed to acquire colonies and resources, thereby enhancing Britain's economic power and global influence. Additionally, her reign encouraged industrial growth and innovation, supporting the development of infrastructure and trade networks that facilitated economic expansion. The era also saw the promotion of social reforms, albeit slowly, in response to the challenges posed by industrialization.


How did industrialization affect us foreign policy?

the industrial revolution for most industrialized nations brought a time period of foreign policy that was expansionist. this meat many countries sought to expand territory in search for resources to fuel the revolution such as coal and iron

Related Questions

What has the author Mordecai Joseph Brill Ezekiel written?

Mordecai Joseph Brill Ezekiel has written: 'Jobs for all through industrial expansion' -- subject(s): Industrial policy, Economic policy, Industrial organization '2500 dollars a year' -- subject(s): Industrial policy, Economic policy, Industrial organization


Industrial policy 1948?

industrial policyof 1948 was the 1st industrial policy of independent India.The first industrial policy in India was introduced bybritish in 1923.


What are positive externality and negtive externality?

A positive externality occurs when an activity benefits third parties who are not directly involved in the transaction, such as when a homeowner's garden enhances neighborhood aesthetics, benefiting neighbors. Conversely, a negative externality arises when an activity imposes costs on third parties, like pollution from a factory impacting local residents' health. Both externalities highlight the broader social impacts of economic activities that aren't reflected in market prices. Addressing these externalities often requires government intervention or policy adjustments.


What has the author Elliot Schwartz written?

Elliot Schwartz has written: 'The industrial policy debate' -- subject(s): Industrial policy, Industrial productivity, Industries


What are the negative and positive effect of Nigeria policy?

what are the nagative and positive of Nigeria policy


Disadvantages of industrial policy?

The disadvantages of industrial policy are that it creates industries that are inefficient and causes unemployment increases internationally.


What has the author Frederick Wolff Ogilvie written?

Frederick Wolff Ogilvie has written: 'Industrial conflict' -- subject(s): Economic policy, Industrial organization, Industrial policy


What has the author Bai Gao written?

Bai Gao has written: 'Economic Ideology and Japanese Industrial Policy' -- subject(s): Economic conditions, Economic policy, Industrial policy


Industrial policy in Nigeria?

Nigeria has made little progress in industrial policy since 1960. Instead, the existing policies are saturated by failures and downsides. Furthermore, industrial policy has been little implemented since 1960 as there is no enforcement or punishment.


What are some arguments in favor of industrial policy?

Proponents of industrial policy argue that it can drive economic growth by strategically supporting key industries, fostering innovation, and enhancing competitiveness in the global market. It can also help address market failures by directing resources toward sectors that may be underfunded or overlooked, such as renewable energy or advanced manufacturing. Additionally, industrial policy can create jobs and promote regional development by encouraging investment in specific areas. Lastly, it can enhance national security by ensuring the country maintains critical industries and technologies.


What has the author Tim Goydke written?

Tim Goydke has written: 'Industrial policy in East Asia' -- subject(s): Industrial policy, Globalization


Who announced 1st industrial policy 1948?

The first industrial policy in India was announced by the Government of India in 1948. This policy aimed to lay the foundation for industrial growth in the country and emphasized the importance of developing key industries to boost economic development.