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Infant industry argument |
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Infant industry argumentThe theoretical rationale for infant industry protection.Infant industry argumentArgument that industries in the developing and emerging sectors of the economy need protection against international competition in order to establish themselves.Infant industry argument Similar MatchesSecurities Industry Committee on Arbitration (SICA)Securities Industry Committee on Arbitration (SICA)A private group that provides mediation services in case of customer complaints against securities firms. Intraindustry tradeIntraindustry tradeTrade in which a country exports and imports in the same industry, in contrast to interindustry trade. Ubiquitous in the data, much IIT is due to aggregation. Can be horizontal or vertical. Grubel and Lloyd (1975) wrote the book on IIT. Ministry of International Trade and IndustryMinistry of International Trade and IndustryThe Japanese government ministry that deals with trade and industrial policies. Established in 1949 as the Ministry of Commerce and Industry, MITI was renamed METI as of January 6, 2000. Infant industry protectionInfant industry protectionProtection of a newly established domestic industry that is less productive than foreign producers. If productivity will rise with experience enough to pass Mill's and Bastable's tests, there is a second-best argument for protection. The term is very old, but a classic treatment may be found in Baldwin (1969). Ministry of Economy, Trade and IndustryMinistry of Economy, Trade and IndustryThe Japanese government ministry that deals with economic issues, including the vitality of the private sector, external economic relations, energy policy, and industrial development. Further SuggestionsFootloose industrySecurities Industry Association Securities Industry Automation Corporation Industry allocation Horizontal intraindustry trade Vertical intraindustry trade Futures Industry Association Lipper Mutual Fund Industry Average Securities Industry Association (SIA) Security Industry Automated Corporation (SIAC) Out of favor industry or stock Interindustry trade Sunset industry argument Confederation of British Industry |
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