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Essay

Infant Industry Argument

Essay specific features

 

Issue:

Business

 

Written by:

Allen S

 

Date added:

February 23, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 335

 

Was viewed:

831 times

 

Rating of current essay:

 
Essay content:

More recently in 1939 Japan kicked out General Motors to protect Toyota which at the time was uncompetitive in the global market. The economic miracle of Taiwan has occurred with a state sector one and a half times the world average.[2] Infant industries are by definition those that are not strong enough to survive open competition – they are dependent on government subsidies and protectionism in order to survive...
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At a given point in time, protectionist policy, along with inefficient industries leads to higher prices and lower quality goods for the consumer than if the good or service produced by the industry was produced on the international market. For these reasons the infant industry argument is often criticized...
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General issues of this essay:
Capitalism Capitalism Capitalism capitalism Infant Industry Argument Capitalism capitalism Capitalism Capitalism Capitalism Capitalism Capitalism Explain Marx's general account of social and political change, illustrate it with examples drawn from the transition between particular historical epochs ? e.g the change from Feudalism to Capitalism or from capitalism to socialism 4 C's od capitalism Capitalism
 

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