Infant industry argument
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The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors
Alexander Hamilton first codified the infant industry argument.
Protectionism
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Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a
Infant industry argument
…The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may…
Pro-free trade poster from the British Liberal Party; the "free trade shop" is depicted as having more customers and lower prices, while the "protection shop" has higher prices, a smaller and lower-quality selection of goods, and no customers
An early 1900s poster draws attention to a political debate over tariff policy.
Storck Harbour scene