W4P3 (tut article): Return to Picking Winners by The Economist Flashcards

1
Q

Which events made people rethink the “less-state-is-better” approach?

A

The 2008 financial crisis, job losses from globalization and automation, and the climate crisis.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Which countries are supporting important industries with government help?

A

Japan, the EU, and the United States

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What technology area is important for national security?

A

The semiconductor industry.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are some risks of industrial policy?

A

disrupted market, inefficiency, government wasting money on unproductive projects

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

How can government investment in technology lead to fewer jobs?

A

Technology leads to automation of jobs where workers are replaced by machines, leading to fewer jobs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly