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infant industry protection

IN-funt IN-duh-stree proh-TEK-shun

ˈɪnfənt ˈɪndəstri prəˈtɛkʃən

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Syllable breakdown

infantindustryprotection

Dictionary meaning

the argument that new domestic industries in developing countries should be shielded from international competition by tariffs or subsidies until they are mature enough to compete globally; advanced by Alexander Hamilton and Friedrich List; controversial because temporary protection can become permanent and breed inefficiency

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