Infant industry protection

 

Home
Site Map
Add Term
Search
About Us
Contributors

Infant industry protection

Protection 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).



Similar Matches

Environmental protection argument for a trade intervention

Environmental protection argument for a trade intervention

The view that trade should be restricted in order to help the environment. Examples include embargos on imports made from endangered species, limits on imports produced by methods harmful to the atmosphere, and restrictions on investment into locations with lax environmental standards. This is usually a second-best argument.


Noneconomic objectives argument for protection

Noneconomic objectives argument for protection

The view that a restriction on imports may serve a purpose outside of conventional economic models. Unless that purpose is itself the restriction of trade, then this is a second-best argument, since changes in output, consumption, etc. can be achieved at lower economic cost in other ways.


Intellectual property protection

Intellectual property protection

Laws that establish and maintain ownership rights to intellectual property. The principal forms of IP protection are patents, trademarks, and copyrights.


Administered protection

Administered protection

Protection (tariff or NTB) resulting from the application of any one of several statutes that respond to specified market circumstances or events, usually as determined by an administrative agency. Several such statutes are permitted under the GATT, including anti-dumping duties, countervailing duties, and safeguards protection.


Exchange rate protection

Exchange rate protection

The manipulation of the exchange rate so as to increase the domestic prices of, and demand for, domestically produced goods. Since an undervalued currency stimulates demand for all domestically produced tradable goods, this form of protection, unlike tariff protection, can only be provided to the tradable sector as a whole, not to individual industries.


Further Suggestions

Protectionism
Second-best argument for protection
Political economy of protection
Protectionism
Payment protection insurance
Labor standards argument for protection
Fairness argument for protection
Patriotism argument for protection
mortgage protection
Content protection
protection applied
loan protection policy
Nominal rate of protection
court of protection
Tariff protection
Import protection
Domestic content protection
Employment argument for protection
Building Societies Investor Protection Scheme
Effective rate of protection
Cultural argument for protection
home responsibilities protection
Actual protection rate
Externalities argument for protection
Consumer Credit Protection Act of 1968


 
All rights Reserved. Do not copy without permission.