Describe the infant industry argument for protectionist trade barriers

What will be an ideal response?

The infant industry argument states that an undeveloped domestic industry needs time to grow and develop to compete in the global economy. Once the industry has grown and is more competitive, protection from foreign competition will no longer be necessary. Opponents of this view argue that, in practice, it can be very difficult to determine whether an industry legitimately holds the promise of becoming competitive. In addition, these people argue that rarely do infant industries ever "grow up." Instead governments continue to protect them at the expense of consumers.

Business

You might also like to view...

________ is socioeconomic and demographic characteristics used to classify respondents

A) Qualifying information B) Identification information C) Basic information D) Classification information

Business

After reading the ________ of your proposal, your audience should understand your main ideas without having to read the entire proposal

A) analysis B) introduction C) overview D) context E) requirements

Business