Infant-Industry Theory
A school of thought that believes emerging domestic industries should be protected until they become stable and mature.
Investopedia Commentary
Proponents of the infant-industry theory argue that governments should use tariffs, quotas and duty taxes to keep international competitors from ruining the domestic infant industry.
Related Links
Industry Handbook
What Is An Emerging Market Economy?
The Stages Of Industry Growth
See also: Balance of Trade, Import, International Monetary Fund, Net Exports, Sunrise Industry, Tariffs