Consider the infant-industry argument for trade protection.In the past few decades,an example of this argument at work has been promotion of the

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The European commercial aircraft industry is a classic example of the infant-industry argument for trade protection. The industry was heavily subsidized by European governments in its early days to enable it to compete with established American firms such as Boeing. Over time, the industry grew and matured, and today, Airbus (the major European aircraft manufacturer) competes on equal footing with Boeing for market share. However, without the initial protection and support from their governments, the European aircraft industry may not have been able to survive and thrive.

Consider the Infant-Industry Argument for Trade Protection