Protectionism and “Infant” Industries. Theoretical Approaches

Abstract

For many centuries, the customs duties, the quantitative restrictions and other similar stipulations have represented the instruments specific to historical progress of any countries, from one moment of time to another; such instruments were emphasized either by increasing the revenues, by supporting the development of some areas, thus protecting them against to foreign competition, or by other reasons. The protectionist systems have had followers within all structures of the society, where each of them have brought substantiations dictated by own faith or interests.

Keywords

• protectionism
• free trade
• infant industry
• manufacture
• labor productivity