What is the infant industry argument?
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In a paragraph explain what the infant-industry argument is?
What is the "infant industry argument"? What are its implications for the world economy? What are the criticisms of this argument?
5. The infant industry argument for protectionism is to block imports for a limited time, to give the infant industry time to mature, before it starts competing on equal terms in the global economy. True or False.
a. False
b. True