What is the infant industry argument for protectionism? How might this argument be abused? In what circumstances do people advocate for trade restrictions? What is protectionism? Give an example. What is "price support" as it relates to business and economics?
The infant-industry theory states that new industries in developing countries need protection against competitive pressures until they mature and developeconomies of scalethat can rival their competitors'. The infant industry argument is often cited as a rationale forprotectionismand was developed by Alexa...
The infant industry argument, a classic theory ininternational trade, states that new industries require protection from international competitors until they become mature, stable, and are able to be competitive. The infant industry argument is commonly used to justify domestic trade protectionism. The ...
THE INFANT INDUSTRY ARGUMENT Economists (including Adam Smith) advocating protectionism have cited the infant industry ... RW Mcgee 被引量: 1发表: 1989年 The Reasons for Opposing Free Trade from an Economic and Political Perspective The arguments against free trade are closely related to economic ...
Ryan Avent did a pretty good job of demolishing Paul Krugman’s recent foray into protectionism. But he didn’t have time to address all the problems, as Krugman has 3 recent posts and one full NYT column. In these posts, Krugman seems to make not one,