The media and communications sector is an emerging industry in the developing nation of Plaesis. The government of Plaesis is taking all the measures needed to protect this sector from foreign competition. The government believes that emerging business sectors need to be protected and nurtured for a period of time until they become established, or they will not be able to compete against established foreign firms. In the given scenario, the beliefs of the country's government most closely reflect _____.

Question

Quizplus · Accepted Answer

The government's belief in protecting and nurturing emerging business sectors until they can compete on their own aligns with the infant industry theory. This theory advocates for temporary protectionism to help new industries develop.

The Media and Communications Sector Is an Emerging Industry in the Developing