Infant industry argument
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Infant industry argument is an argument to block imports for a short time, to give the infant industry time to mature, before eventually it starts competing on equal terms in the global economy.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Infant industry argument. An argument to block imports for a short time, to give the infant industry time to mature, before eventually it starts competing on equal terms in the global economy.
