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<p>The <b>infant industry argument</b> is an <a href="page.php?w=economic">economic</a> rationale for trade <a href="page.php?w=protectionism">protectionism</a>. The core of the <a href="page.php?w=argument">argument</a> is that <a href="page.php?w=infant_industry">nascent industries</a> often do not have the <a href="page.php?w=economies_of_scale">economies of scale</a> that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale. The logic underpinning the argument is</p><p>
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