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.
You might also like to view...
An important key to success in permission marketing programs is to make sure participants have actually agreed to participate and not been tricked into participating or signed up without their knowledge
Indicate whether the statement is true or false
Organizational expenses are classified as intangible assets on the balance sheet
Indicate whether the statement is true or false
There is no right to a jury trial in an equitable action
Indicate whether the statement is true or false
The main benefits for organizations in the implementation of the inclusive workplace approach at level I are ______.
a. employees form better relationships in and out of the office b. improved benefits c. positive image with employees, customers, and financial institutions d. customer satisfaction