1945
CEPAL Review No. 51, December 1993
  • E-ISSN: 16840348

Abstract

Latin American development strategies have historically been inextricably linked with trade theory and policy. The author’s main argument is that the old infant industry and the new strategic trade arguments are fundamentally similar. Among their similarities is the justification of selective protection of certain economic sectors. Among their differences, the infant industry argument justifies temporary protection, while the argument in favour of strategic protection of certain industries justifies their protection on an indefinite basis.

Related Subject(s): Economic and Social Development

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