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Please make an against argument based on the infant industry argument new industries don't have the scale and experience to compete with foreign established firms
Please make an against argument based on the "infant industry argument new industries don't have the scale and experience to compete with foreign established firms" with the below dot points for:
"Despite itsdisadvantages and imperfections in practice, free global trade is still more likely to benefit both developed and developing nations than government policies restricting or controlling international trade."
- Define Fair Trade
- Talk about how comparative advantage assumes locks an economy into a specific industry, when in reality, its assumption that advantages don't change is false. Infant Industry argument
- Connect it to China, Japan, etc., grew by not having free trade used protectionism to help develop their industries. (Include statistics)
- Discussion of protectionism being necessary to protect your industries
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