Protectionist reasoning that industrial startups need safeguards against established foreign manufacturers and cutthroat competitors, especially in developing economies. This protection is commonly sought by enacting high import duties and/or import quotas. Although frowned upon by the World Trade Organization in this era of globalization, virtually every country, at one time or another and in one form or other, has instituted such measures to protect its threatened enterprises.
Related information about infant industry argument:
- Infant industry argument - Wikipedia, the free encyclopedia
From Wikipedia, the free encyclopedia. Jump to: navigation, search. Alexander Hamilton first codified the infant industry argument. The Infant industry argument ...
- Infant industry - Wikipedia, the free encyclopedia
This is underscored by the fact that the original bastions of the infant industry argument argued that external benefits aside, it is undeniable that both the USA ...
- What is infant industry argument? definition and meaning
Definition of infant industry argument: Protectionist reasoning that industrial startups need safeguards against established foreign manufacturers and cutthroat ...
- Infant Industry Argument | Economy Watch
Infant Industry Argument refers to an argument in favor of protecting the domestic industries through government backing, help, and intervention.
- An Empirical Test of the Infant Industry Argument
Dec 11, 2003 ... 1The “infant industry argument" is also the basis on which developing countries are excepted from some provisions of the GATT. 2See Paul ...
- Infant Industry Argument - Financial Dictionary - The Free Dictionary
Argument that industries in the developing and emerging sectors of the economy need protection against international competition in order to establish ...
- What Is the Infant Industry Argument?
Oct 19, 2012 ... The infant industry argument is an economic argument that states that when an industry develops, particularly in an area without...
- Infant industry argument: Definition from Answers.com
case made by developing sectors of the economy that their industries need protection against international competition while they establish themselves.