Summer School 5: The many ways governments influence industry
Planet Money
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The Rise and Fall of Argentina's Phone Manufacturing Dream
This chapter examines Argentina's ambitious attempt to establish a local manufacturing hub for cell phones in Tierra del Fuego, driven by government intervention and political motivations. It highlights the initial successes followed by the challenges faced due to outdated products and a burgeoning black market, ultimately leading to the decline of the initiative. The narrative prompts reflections on the complexities of industrial policy and the importance of identifying a country's comparative advantages for sustainable economic growth.
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