Infant industry argument
id:
infant-industry-argument-206-579592
title:
Infant industry argument
text:
The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale. The logic underpinning the argument is that trade protectionism is costly in the short run but leads to long-term benefits.
brand slug:
wiki
category slug:
encyclopedia
description:
Rationale for protectionism
original url:
https://en.wikipedia.org/wiki/Infant_industry_argument
date created:
2005-05-08T21:35:43Z
date modified:
2024-09-10T14:44:28Z
main entity:
{"identifier":"Q6028896","url":"https://www.wikidata.org/entity/Q6028896"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/e/ec/Hamiltontrumbull-crop.jpg","width":1493,"height":1865}
fields total:
13
integrity:
16