Respuesta :
The infant industry argument for protection makes sense if the infant industry is : not able to compete against foreign firms now, but will be able to in the future.
What is the infant industry ?
According to the infant-industry idea, until nascent industries in developing nations mature and create economies of scale that can compete with those of their rivals, they must be shielded from the demands of the market. Alexander Hamilton and Friedrich List created the baby industry justification, which is frequently used as justification for protectionism.
- According to the infant-industry idea, until emerging industries in developing nations mature, they must be shielded from competitive pressures.
- This hypothesis, which was created in the early 19th century by Friedrich List and Alexander Hamilton, is frequently used to support protectionist trade policy.
- To allow the fledgling sector time to mature and stabilize, developing nation's governments may implement restrictions like import levies, tariffs, quotas, and currency rate controls.
To view more about the infant industry, refer to:
https://brainly.com/question/28140199
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