The argument that developing countries should nurture their infant domestic industries by protecting them from foreign competition is known as
A)the infant industry argument.
B)the escape clause hypothesis.
C)preservation of the home market.
D)institutional fair trade policy.

Question

Quizplus · Accepted Answer

The argument described in the question is the infant industry argument. This argument suggests that developing countries should protect their domestic industries from foreign competition until they are strong enough to compete on an equal footing.

The Argument That Developing Countries Should Nurture Their Infant Domestic