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... > social science subjects > business and management > international business > economics of international business > economic theories of international business > infant industry argument

Preferred term

infant industry argument  

Definition

  • The infant industry argument is used by countries as an economic protectionist measure so that industries (primarily manufacturing) can be protected from other countries' industries that can produce goods or services cheaper than the country enacting the measure. The measure was first argued in the United States by Alexander Hamilton, the country's first Treasury secretary. [Source: Encyclopedia of Business in Today's World; Infant Industry Argument]

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https://concepts.sagepub.com/social-science/concept/infant_industry_argument

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