Suppose that the production technology of a self-proclaimed infant industry permits economies of scale. Suppose also that

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Suppose that the production technology of a self-proclaimed “infant industry” permits economies of scale. Suppose also that the same technology is available to foreign producers. Is there a valid argument for protection in this situation from the perspective of the world as a whole? Why or why not?
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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