Identify which countries have benefited the most from international trade over the last few decades. What policies do these countries have in common? Do their experiences lend support to the infant industry argument or argue against it? To support your answer, you will want to use academic sources to help research various countries.
Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International economics: Theory and policy (10th ed.). Upper Saddle River, NJ: Pearson.
- Chapter 11: Trade Policy in Developing Countries
- Chapter 12: Controversies in Trade Policy
- Chapter 13: National Income Accounting and the Balance of Payments