2min chapter

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Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)

EconTalk

CHAPTER

Examining Historical Economic Fears: The U.S. vs. Japan

This chapter examines the historical fears surrounding Japan's economic rise and its perceived threat to the United States. It highlights the initial concerns over Japan's strategic government-business alliances, ultimately revealing that these fears were overstated as Japan encountered its own economic difficulties.

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