THE ROLE OF THE GOVERNMENT IN THE DEVELOPMENT OF THE LED INDUSTRY

Existing literature has not yet reached a consensus on whether or not government policies can promote industrial development. In this study, we combed the government's industrial policies in the light-emitting diode (LED) industry of major countries and regions, and then analyzed their positive and negative effects on the development of this industry. Government support of the LED industry is not conducive to its healthy development. The influence should be divided between the government and the market in accordance with their comparative advantages. The government should comply with and assist the market as well as aim toward a dynamic division of the industrial chain between regions based on their comparative advantages.