noun
infant-industry argument; theory of infant-industry protection
Economic concept advocating temporary protection for emerging domestic industries until they become competitive.
幼稚産業保護論は、発展途上国の産業政策でよく議論される。
The infant-industry argument is often discussed in the industrial policies of developing countries.
この経済学者は幼稚産業保護論に基づいて関税を提案した。
This economist proposed tariffs based on the theory of infant-industry protection.
保護貿易 is the broader practice of protecting domestic industries through trade barriers, while 幼稚産業保護論 specifically refers to the theoretical argument for temporarily protecting nascent industries.
Compound of 幼稚 (infant, immature), 産業 (industry), 保護 (protection), and 論 (theory, argument). A direct translation of the English economic term 'infant-industry argument'.