WebMar 29, 2024 · The infant-industry theory states that new industries in developing countries need protection against competitive pressures until they mature. This theory, first developed in the early 19th... WebFeb 2, 2024 · Protectionism: The infant industries argument Watch on One of the most common justifications for trade barriers is to enable developing countries to diversify and grow new industries to a size where they can benefit from large-scale production and compete against established competitors abroad.

Solved The argument that developing countries should nurture

WebIn economics, an infant industry is a new industry, which in its early stages experiences relative difficulty or is absolutely incapable in competing with established competitors … WebThe infant industry argument says that. Question 50 options: tariffs should be imposed to allow a new industry in a country to get established. imports should target new products … hemicolectomy stoma

Reading: Justifications for Trade Restriction Microeconomics

WebThe infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale. The argument was first fully ... WebThe infant industry argument is that: a. protectionism promotes complete specialization in the country on the basis of comparative advantage. b. new industries should be protected from... Weban industry vital to national security should be protected from foreign competition, to prevent dependence on imports that could be disrupted during wartime. The Infant-Industry … hemicolectomy with ileocolostomy