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See: National Futures Association



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Infant industry protection

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).


Unfair trade

Unfair trade

1. Under the GATT this refers only to exports that are subsidized or dumped 2. Under U.S. law, this also includes various actions that interfere with U.S. exports. See Section 301 and Super 301. 3. Also used to refer to any almost any trade that the speaker objects to, sometimes including that based on low wages or weak regulations.


Infant industry argument

Infant industry argument

The theoretical rationale for infant industry protection.


Infant industry argument

Infant industry argument

Argument that industries in the developing and emerging sectors of the economy need protection against international competition in order to establish themselves.




 
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