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

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According to the infant industry argument,many developing countries have a potential comparative advantage in manufacturing,but new manufacturing industries cannot initially compete with established industries in developed countries.To allow manufacturing to get a toehold,the argument is that governments should temporarily support new industries (with tariffs,import quotas,and subsidies)until they have grown strong enough to meet international competition.

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