Asked on 3 Nov 2020

7. The infant industry policy of protectionism and other subsidies seemed to have worked fairly well in East Asia? A study by the World Bank in the early 1990s offered three guidelines to countries thinking about infant industry protection. They are:

a. Not to hand out protectionism and other subsidies to all industries, but focus on a few industries where your country has a realistic chance to be a world-class producer.

b. To be hesitant about using protectionism in areas like computers, where many other industries rely on having the best products available.

c. To have clear guidelines relating to the period of protection available to infant industries. 

d. All of these

Answered on 3 Nov 2020

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