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The Journal of Economic Perspectives Vol. 5, No. 2 (Spring, 1991) , pp. 201-208 (8 pages) Published By: American Economic Association https://www.jstor.org/stable/1942693 Read and download Log in through your school or library Alternate access options For independent researchers Read Online Read 100 articles/month free Subscribe to JPASS Unlimited reading + 10 downloads Purchase article $4.00 - Download now and later Read Online (Free) relies on page scans, which are not currently available to screen readers. To access this article, please contact JSTOR User Support. We'll provide a PDF copy for your screen reader.With a personal account, you can read up to 100 articles each month for free. Get StartedAlready have an account? Log in Monthly Plan
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Journal Information The Journal of Economic Perspectives (JEP) attempts to fill a gap between the general interest press and most other academic economics journals. The journal aims to publish articles that will serve several goals: to synthesize and integrate lessons learned from active lines of economic research; to provide economic analysis of public policy issues; to encourage cross-fertilization of ideas among the fields of thinking; to offer readers an accessible source for state-of-the-art economic thinking; to suggest directions for future research; to provide insights and readings for classroom use; and to address issues relating to the economics profession. Articles appearing in the journal are normally solicited by the editors and associate editors. Proposals for topics and authors should be directed to the journal office. Publisher Information Once composed primarily of college and university professors in economics, the American Economic Association (AEA) now attracts 20,000+ members from academe, business, government, and consulting groups within diverse disciplines from multi-cultural backgrounds. All are professionals or graduate-level students dedicated to economics research and teaching. Rights & Usage This item is part of a JSTOR Collection. Homework Help This preview shows page 2 - 3 out of 3 pages. 59.One of the main reasons why many economists remain critical of the infant industry argument isits reliance on the assumption that:A.protection of manufacturing from foreign competition is harmful.B.absolute advantage cannot sustain productivity of an industry.C.foreign firms too come under the definition of infant industry when they newly enter a foreignmarket.D.firms are unable to make efficient long-term investments by borrowing money from thedomestic or international capital markets.E.foreign competition will eventually cause domestic firms to improve the quality of theirproducts. We have textbook solutions for you! The document you are viewing contains questions related to this textbook. International Economics Carbaugh Expert Verified 60.Which of the following is a major reason why many economists remain critical of the infantindustry argument? Get answer to your question and much more 61.A government should use subsidies to support promising firms that are active in newly emergingindustries, according to: Get answer to your question and much more 62.According to Paul Krugman, a country that attempts to use strategic trade policy to establish adomestic firm in a dominant position in a global industry, is most likely to: Get answer to your question and much more End of preview. Want to read all 3 pages? Upload your study docs or become a Course Hero member to access this document We have textbook solutions for you!The document you are viewing contains questions related to this textbook. The document you are viewing contains questions related to this textbook. International Economics Carbaugh Expert Verified What are the reasons for protecting infant industries?(b) It is necessary to protect infant industries for the following reasons:. In order that the economy can become self-reliant.. To encourage domestic production.. To encourage consumption of locally produced goods.. To conserve scarce foreign exchange.. To create employment for the citizens.. To develop the local market.. Which of the following is a criticism of the infant industry argument?There are several criticisms of the infant industry argument: Infant industry protectionism may encourage industries to be inefficient. Developing industries that have protection may lack the incentive to be efficient and competitive. Infant industry protectionism may result in retaliation from other countries.
What are the main reasons for protecting infant industries Why is it difficult to stop protecting them?Why is it difficult to stop protecting them? Infant industries are protected so that they get time to develop. It is difficult to stop protecting them because political pressure is very high in favor of protecting them.
What is the infant industry argument for putting up barriers to imports?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 have, and thus need to be protected until they can attain similar economies of scale.
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A major reason why many economists remain critical of the infant industry argument is because it
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