Infant industry protection

 

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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

Building Societies Investor Protection Scheme

Building Societies Investor Protection Scheme

A scheme set up to give limited protection to people with share and/or deposit accounts in authorised building societies which fail. Building societies are regulated and supervised by the Financial Services Authority and this scheme was replaced by the Financial Services Compensation Scheme (FSCS) in December 2001. In the case of an authorised building society being wound up there is a provision to pay compensation of 90% of a person's shares and/or deposits up to a set maximum.


Endogenous protection

Endogenous protection

Protection that is explained as the outcome of economic and/or political forces. See political economy of protection.


Labor standards argument for protection

Labor standards argument for protection

The view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining.


Domestic content protection

Domestic content protection

Use of trade policies such as domestic content requirements to increase the portion of a product's value that is provided by domestic factors of production, either in direct production or through produced inputs.


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.


Further Suggestions

Second-best argument for protection
protection applied
Protection
Patriotism argument for protection
Intellectual property protection
Cultural argument for protection
Foreign investment argument for protection
National defense argument for protection
loan protection policy
Political economy of protection
Safeguards protection
Nominal rate of protection
Environmental protection argument for a trade intervention
Self-sufficiency argument for protection
Labor standards argument for protection
mortgage protection
Content protection
Protectionism
Deposit Protection Scheme
Retirement Protection Act of 1994
Balance of payments argument for protection
Exchange rate protection
Effective protection
Employment argument for protection
Securities Investor Protection Corporation


 
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