Less-developed countries are more justified in using this argument for trade restrictions than advanced countries.

Question

Quizplus · Accepted Answer

Less-developed countries often use the "infant industries" argument to justify trade restrictions. This argument suggests that emerging domestic industries in these countries need protection from international competition until they become sufficiently established and competitive on a global scale. Advanced countries, with their already established industries, have less need for such protectionist measures.

Less-Developed Countries Are More Justified in Using This Argument for Trade