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What are the advantages and disadvantages of protecting an infant industry?
Wiki User
∙ 14y ago
A protected infant industry lacks the incentive to become more effient and competitive,
and once it's protected it is difficult to take the protection away.
It's only protected because the mature industry wouldn't take it out, the infant industry needs time to grow up and learn.
Wiki User
∙ 14y ago
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What arguments comes closest to constituting a legitimate economic exception to the case for free trade?
the infant-industry argument
What are the advantages for trade protectionism?
Infant industry argument – protect new industriesDiversify the economy – help develop new industries to give more diversity to economyRaise revenueProtect certain key industries from international competition to try and safeguard jobs.Protect domestic jobs which are threatened by rise of imports.
What is protectionism and how does it affect international trade?
AnswerProtectionism is a government's use of trade barriers to shield domestic companies and their workers from foreign competition.Countries in order to protect their economies apply methods of restrictions such as tariffs, quotas, subsidies and exchange controls. By applying protectionism a country can gain from it in such as protecting infant industries, dumping and protecting manufacturing industries, but on the other hand can also have problems such as firms remaining inefficient, retaliation, and misallocation of resources, and related directly to international trade countries benefit on comparative and absolute advantage, and economies of scale.So it affects the international trade.
Which country has the lowest gross national product and the highest infant mortality rate?
Zimbabwe
What are the differences between developing and developed nations?
a developed nation i one that allows all itrs citizens to enjoy a free and healhy life in a safe environment. less developed countries, higher reliance upon agriculture, corruption, undeveloped industry, lack of necessities, higher infant mortality rates, undeveloped industry, shorter life expantancies.
Should you travel by train or fly with an infant?
There are advantages and disadvantages to traveling with an infant on a plane or train. However, traveling on a plane may be best, because planes are generally faster than trains.
What is advantages and disadvantages of baby hatch?
(1) It will reduce the number of abandoned babies dramatically. (2) The rate of infant mortality will increases. (3) The willing parents now are able to choose more babies for adoption (4) A Change For Better Life.
Who was Marion Donovan?
Marion Donovan revolutionized the infant care industry by inventing the prototype of the disposable diaper.
What has the author Eduardo Luzio written?
Eduardo Luzio has written: 'Measuring the performance of a protected infant industry'
What is a infant industry argument?
An infant industry argument is an argument that one person cannot win a competition. Depending to survive, they depend on the government's protectionism and largesse. At a time that is given, with inefficient industries gives low quality goods and a high price. The infant industry argument is criticized for these reasons. The government need a long time to figure out which argument will have growth potential. Because of the market will be smaller, the protectionism could hurt specific infant industry arguments. The justification for protection will disappear in a period of time. It may need protection to build to the point, which can be successfully competed. Small new firms are protected warranty especially in less developed countries.
Ano ang ibig sabihin ng infant industry sa pampublikong sektor?
Ang Pangit Mo !
What arguments comes closest to constituting a legitimate economic exception to the case for free trade?
the infant-industry argument
What are the advantages and disadvantages of an open floor plan in the kitchen and dinning area?
I will restate this question. ORIGINAL QUESTION: Should you make your kitchen and living room open plan? NEW QUESTION: What are the advantages and disadvantages of an open floor plan in the kitchen and livingroom area? The reason for this change is that one style over another is strictly a matter of preference or desire over need and function. For instance, an open floor plan allows the mother to keep an eye on an infant in the family room. It also allows the teenage gamming on the tv to travel uninhibited throughout the open area. So look at the needs and the desires. List the advantages and disadvantages on paper. Then you can choose based on your needs and desires what will work best for you. Hope this helps and that others will chime in here. Terry
What are the advantages for trade protectionism?
Infant industry argument – protect new industriesDiversify the economy – help develop new industries to give more diversity to economyRaise revenueProtect certain key industries from international competition to try and safeguard jobs.Protect domestic jobs which are threatened by rise of imports.
Does tariffs contribute to infant industry protection?
Infant industry protection can come in the form of Tariffs, Quotas, Non-Tariff-Barriers or any inhibition of free trade in order to protect a *particular* industry (rather than the whole economy) as that particular industry or firm achieves dynamic increasing returns (costs fall with cumulative production rather than with the current rate of production- in other words, costs fall as the firm gains experience). The argument of using tariffs to protect an infant industry are only valid when 1) the protection is for a firm or industry rather than the whole economy, 2) the industry is a potential source for comparative advantage and 3) the protection (usually a tariff) is temporary and ends when the firm becomes internationally competitive (this is especially difficult due to issues with political economy)
What is the meaning of infant?
infant my friend marsheley is crazy infant infant my friend marsheley is crazy infant
What were the advantages and disadvantages of city life in the 1800s?
An advantage to city life in the 1800's was the city was where work was found as all the factories were located in the city. There was an ungly side to urbanization in the squalor of slums, the rise of crime and prostituation, and the dangers of disease. The infant mortality rate in the city was double that in the country. Only half the children born there lived past their fifth birthday.
