Innovative Industrial Policy

The video discusses Japan's economic growth post-WW2, driven by MITI, and compares it to the US's current industrial policy efforts, including the Inflation Reduction Act and the CHIPS Act. These policies aim to boost sectors like semiconductors and electric vehicles. The video also highlights the competition in subsidies between the US and allies, and Europe's focus on enhancing its microchip capabilities. The overarching goal is to strengthen economies through innovation and R&D, rather than merely increasing corporate profits.

What was a key factor in Japan's economic growth after World War 2?

• The Ministry of International Trade and Industry

• The European Union's industrial policy

• The CHIPS Act

• The Inflation Reduction Act

Which act is considered a significant industrial policy in the US since World War 2?

• The Inflation Reduction Act

• The CHIPS Act

• The European Green Deal

• The Ministry of International Trade and Industry

What is the main focus of the CHIPS Act?

• Digital transition in Europe

• Electric vehicle production

• Semiconductor industry support

• Climate-related investments

Why is Europe focusing on increasing its own chips research and development?

• To enhance industrial competitiveness in a digital world

• To compete with the US in electric vehicle production

• To reduce dependency on fossil fuels

• To increase shareholder profits

What is the primary goal of the investments discussed in the final section?

• To support the fossil fuel industry

• To enhance shareholder dividends

• To strengthen economies through innovation

• To increase company profits