According to _____,many developing countries have a potential comparative advantage in manufacturing,but new manufacturing industries cannot initially compete with well-established industries in developed countries.

Question

Quizplus · Accepted Answer

The statement aligns with the infant industry argument, which suggests that new industries in developing countries need protectionism and government intervention to survive and compete with established industries in developed countries. The other options are not directly related to the statement.

According to _____,Many Developing Countries Have a Potential Comparative Advantage