The infant industry argument is based on the idea of

Name: The infant industry argument is based on the idea of
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

The infant industry argument suggests that new industries in developing countries need protection from international competition until they become mature and competitive globally. This is related to the concept of dynamic comparative advantage, which posits that a country's comparative advantages can evolve over time with economic development and technological progress.

The Infant Industry Argument Is Based on the Idea of