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HaydenH01 HaydenH01
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5 years ago
What is the infant industry argument? How did Japan use the infant industry argument to rebuild its economic strength following World War II? What tools did it use?
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5 years ago
 According to the infant industry argument, new industries need protection from fierce, foreign competitors until they establish themselves. Japan eliminated tariffs on imports of raw ores and ore concentrates while imposing high tariffs on processed and fabricated metals. Consequently, Japan has developed thriving metal fabrication industries.
HaydenH01 Author
wrote...
5 years ago
Electric Light Bulb Correct, thanks!
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