Do Tariffs Protect an Infant Industry? - Forbes - 0 views
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benedetta paccoia on 02 Dec 131. The article addresses tariffs in relation to the so called 'Infant Industries'. Even though international free trade helps poorer countries to get out of poverty, tariffs for the protection of an infant industry represent an exception. In fact, they are part of Protectionism which clearly counter attacks international imports, and they aim at giving a chance to developing domestic industries to become stable and efficient so that they can enter in global competition. But even in such case, economists have proved that they do more harm than good. 2. The article is more prone to free international trade, as it criticizes the application of tariffs even in relation to infant industries, as they always provide more disadvantages than benefits. 3. Of course, Infant industries would be protected with the application of tariffs, although these may not be as efficient all the times. However, this means higher costs for government, which weighs on consumers to get tax revenue to support domestic developing industries.