It is not necessary for a young industry to be protected in order to grow and succeed in international markets.

Question

Quizplus · Accepted Answer

While protectionism may provide some advantages to a young industry in terms of initial growth and development, it is not necessary for long-term success in international markets. Many successful industries and companies have emerged without protectionist policies, relying instead on innovation, competitive advantages, and strategic partnerships to compete globally. Ultimately, a focus on quality and value creation will be more important than artificial barriers to trade.

It Is Not Necessary for a Young Industry to Be