Question: (a) Why do some economists argue for dynamic comparative advantage? How does this concept relate to industrial policy? Use cases or examples to substantiate your

(a) Why do some economists argue for dynamic comparative advantage? How does this concept relate to industrial policy? Use cases or examples to substantiate your discussion.

(b) Was the 1997 Asian Financial Crisis a result of government failure or market failure? Discuss.

(c) Why some people suggest that deglobalization will become major global trend after the coronavirus pandemic. Do you agree with this argument? Discuss.

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