Topics
Infant Industry
An infant industry is a newly-established or developing industry in a country that is considered to be in need of government protection and support in order to grow and become competitive in the global marketplace. Infant industries are often vulnerable to foreign competition due to their lack of experience, technology, and capital.
Governments often provide subsidies, tariffs, and other forms of protection to help these industries grow and become established in the global market. The goal is to help the industry gain a foothold in the market, develop its production capabilities, and eventually compete on a global scale. The theory is that once the industry matures, it will no longer need government support and can compete on its own merits.
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IB Economics - Government Subsidies
Study Notes
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Robert Reich - Why Biden's departure from free trade is a good thing
30th August 2023
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4.1.6 Import Tariffs (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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4.1.6 Impact of Trade Protectionism (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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4.2.6.2. Import Tariffs (AQA A Level Economics Teaching Powerpoint)
Teaching PowerPoints
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Export Bans - Indonesia and Zimbabwe introduced new export restrictions
21st December 2022
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Protectionism - Barriers to Trade (Quizlet Revision Activity)
Quizzes & Activities
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Protectionism (Online Lesson)
Online Lessons
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Import Tariffs - Basic Analysis Diagram
Topic Videos
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Protectionism as a development strategy
Study Notes
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Trade Wars: 250 Years of Economic Theory About Tariffs
27th July 2018
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Protectionism: Import Tariffs in the News
23rd January 2018
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Import Tariffs (Essay Technique Video)
Exam Support