Infant Industry Argument: Theory and Practice

Hence, they might heed if someone who was well aware of the infant industry argument advised them.In the course of my research, I came across various opinions on the infant industry argument.I personally support the infant industry argument as a temporary means towards economic development.Infant Industry Argument: Background.The argument of infant industries remains to be a controversial topic in the world economy.In fact, I never saw any mentioning that Uzbek auto industry was an infant industry.All these things served as an excuse for the Uzbek automotive industry’s failures.Thus the argument has a long tradition in the economic history.Import substitution was another reason to protect and nurture infant industries.Also, I had personal encounters with the top decision-making people of the industry.