Economics · Industrial Policy and Economic Growth
How can a government effectively promote industrialization and sustained economic growth?
- 1By exclusively supporting large multinational corporations
- 2By completely banning foreign investment and technological imports
- 3By providing targeted incentives, subsidies, and infrastructure support to encourage investment and innovation✓
- 4By imposing high tax burdens on all manufacturing units
Correct answer
By providing targeted incentives, subsidies, and infrastructure support to encourage investment and innovation
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