infant-industry argument; theory of infant-industry protection
Economic concept advocating temporary protection for emerging domestic industries until they become competitive.
The infant-industry argument is often discussed in the industrial policies of developing countries.
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'.