{"id":2948,"date":"2008-02-03T16:21:15","date_gmt":"2008-02-03T10:51:15","guid":{"rendered":"http:\/\/www.ravikiran.com\/blog\/classic\/200802\/killing-the-infant-industry-argument\/"},"modified":"2008-02-03T16:21:15","modified_gmt":"2008-02-03T10:51:15","slug":"killing-the-infant-industry-argument","status":"publish","type":"post","link":"https:\/\/www.ravikiran.com\/blog\/classic\/200802\/killing-the-infant-industry-argument\/","title":{"rendered":"Killing the Infant Industry Argument"},"content":{"rendered":"<p>We already saw the slaying of the &#8220;tariffs are good when you are growing!&#8221; argument <a href=\"http:\/\/www.ravikiran.com\/blog\/classic\/200801\/tariffs-for-a-growing-country\/\">last week<\/a>.\u00a0 Today it is time to link to an explanation of why the &#8220;Infant Industry&#8221; argument is bogus. The job has been expertly done by Tim Harford in <em><a href=\"http:\/\/www.forbes.com\/business\/2008\/01\/29\/national-champions-economics-biz-champions08-cx_th_0129harford.html\">Forbes<\/a>.\u00a0 <\/em>Governments aren&#8217;t good at identifying which industries will turn out as winners in the global market place. The incentives that drive government officials drive them towards protecting aging industries, not growing ones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We already saw the slaying of the &#8220;tariffs are good when you are growing!&#8221; argument last week.\u00a0 Today it is time to link to an explanation of why the &#8220;Infant Industry&#8221; argument is bogus. The job has been expertly done by Tim Harford in Forbes.\u00a0 Governments aren&#8217;t good at identifying which industries will turn out [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[62,63],"_links":{"self":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2948"}],"collection":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/comments?post=2948"}],"version-history":[{"count":0,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/media?parent=2948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/categories?post=2948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/tags?post=2948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}