Government intervention can be self-defeating because it tends to protect the inefficient rather than help firms become efficient global competitors

Indicate whether the statement is true or false.

TRUE
Government intervention can be self-defeating because it tends to protect the inefficient rather than help firms become efficient global competitors. Intervention is dangerous; it may invite retaliation and trigger a trade war. Intervention is unlikely to be well executed, given the opportunity for such a policy to be captured by special-interest groups.