Distinguish between intra-industry trade and interindustry trade. What are some major determinants of intra-industry trade? What is meant by the term industrial policy? How do governments attempt to...

Distinguish between intra-industry trade and

interindustry trade. What are some major determinants of intra-industry trade?

What is meant by the term industrial policy?

How do governments attempt to create comparative advantage in sunrise sectors of the economy? What are some problems encountered

when attempting to implement industrial

policy?