infant industries
1infant industry — ➔ industry * * * infant industry UK US noun [C] ECONOMICS ► a new industry that is in its earliest stage of development: »A newly strengthened corporate sector should provide a valuable source of new capital to open the gateway to growth for more …
2Infant industry argument — The infant industry argument is an economic reason for protectionism. The crux 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… …
3infant — in|fant1 W3 [ˈınfənt] n [Date: 1300 1400; : French; Origin: enfant, from Latin infans, from infans unable to speak , from fari to speak ] 1.) formal a baby or very young child ▪ An infant s skin is very sensitive. →↑Sudden …
4infant — 1 noun (C) 1 literary or technical a very young child or baby: The infant, cradled in Miriam s arms, began to cry. 2 infants (plural) children in school in Britain between the ages of four and eight 3 infant school/teacher/class etc a school etc… …
5infant industry — New manufacturing companies. Infant industries have the potential for economies of scale if they survive long enough to grow. Governments frequently protect these firms from international competition through tariff barriers …
6Infant-Industry Theory — A school of thought that believes emerging domestic industries should be protected until they become stable and mature. Proponents of the infant industry theory argue that governments should use tariffs, quotas and duty taxes to keep… …
7infant industry argument — Argument that industries in the developing and emerging sectors of the economy need protection against international competition in order to establish themselves. Bloomberg Financial Dictionary …
8international trade — Introduction economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …
9Free trade — Not to be confused with Free market. World trade A series on Trade …
10Import substitution industrialization — (also called ISI) is a trade and economic policy based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. Adopted in many Latin American countries from the 1930s… …
