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Infant industry argument |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| for hybrid fleets), and tax benefits for commercial models that defray upfront capital costs are among the incentives needed to launch infant industries and drive market shifts. However, few arguments in favor of protection to infant industries dealt with the opportunity cost of encouraging an infant industry, and none anticipated Robert Baldwin's (1969) classic critique - that tariff protection creates exactly the opposite incentives required to drive an industry toward higher productivity that formed the basis for the argument in the first place. We would still be better off, however, keeping trade free and subsidizing such infant industries directly. |
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