There are potential risks of subsidising national industries if you have a clear competitive advantage abroad.Critics of globalisation argue it has resulted in the transfer of industries to emerging markets, causing job losses and greater reliance on other countries. In response, they suggest that governments should relocate industries by implement

The transfer of industries to emerging markets have divided economists and policymakers.Industrial policy in the shape of government subsidies may lead other countries to strike back by doing the same, that may affect the global economy, stability and diplomatic relations. This might be extremely high-risk because the general financial effects of s