One question is which kinds of industrial policy are most effective in promoting economic development. For example, economists debate whether developing countries should focus on their comparative advantage by promoting mostly resource- and labor-intensive products and services, or invest in higher-productivity industries, which may only become competitive in the longer term.
One question is which kinds of industrial policy are most effective in promoting economic development For example economists debate whether developing countries should focus on their comparative advantage by promoting mostly resource- and labor-intensive products and services or invest in higher-productivity industries which may only become competitive in the longer term