A country's government decides to actively steer its economic development. It identifies 'advanced robotics' as a key industry for the future and implements policies to support it, including providing large subsidies to a few select robotics firms, directing public universities to create specialized engineering programs, and setting high tariffs on imported robotic equipment. While this approach can potentially lead to rapid growth in the targeted sector, critique the potential economic risks and drawbacks associated with this governmental strategy. In your answer, consider issues related to resource allocation, competition, and political influence.