Abstract
The infant industry argument for protection holds that new industries in developing countries should be promoted through trade or industrial policy measures to allow them to mature and compete successfully against established foreign rivals. This article assesses the theory and evidence behind this qualification to the case for free trade.
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Irwin, D.A. (2018). Infant-Industry Protection. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2617
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2617
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