infant industry argument

infant industry argument
Argument that industries in the developing and emerging sectors of the economy need protection against international competition in order to establish themselves. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Infant industry argument — The infant industry argument is an economic reason for protectionism. The crux 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… …   Wikipedia

  • infant industry — A new industry that may merit some protection against foreign competition in the short term. The argument in favour of providing protection, say in the form of a tariff on imported competitors goods, is that it would provide a period during which …   Big dictionary of business and management

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  • Protectionism — For the protectionist Australian political party from the 1880s to 1909, see Protectionist Party Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and …   Wikipedia

  • Free trade debate — Free trade is one of the most debated topics in economics of the 20th and 21st century Fact|date=December 2007. Arguments over free trade can be divided into economic, moral, and socio political arguments. The academic debate among economists is… …   Wikipedia

  • Import substitution industrialization — (also called ISI) is a trade and economic policy based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. Adopted in many Latin American countries from the 1930s… …   Wikipedia

  • New Trade Theory — Economics …   Wikipedia

  • Industrial policy — An industrial policy is any government regulation or law that encourages the ongoing operation of, or investment in, a particular industry.An active intervention in industrial development is the policy of most if not all countries in the world.… …   Wikipedia

  • Protectionism —    A set of economic policies promoting favored domestic industries by using high tariffs and regulations designed to discourage imports. Historical variants of protectionism have included mercantilism, a trade policy aimed at maximizing currency …   Encyclopedia of the Age of Imperialism, 1800–1914

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