_____ has recognized the infant industry argument as a legitimate reason for protectionism.

Question

Quizplus · Accepted Answer

GATT, the General Agreement on Tariffs and Trade, has recognized the infant industry argument as a legitimate reason for protectionism. The GATT allowed developing countries to use protective tariffs to support their domestic industries until they were established enough to compete in international markets. This exception was known as the "infant industry argument."

_____ Has Recognized the Infant Industry Argument as a Legitimate