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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (10303)	6/10/2004 12:33:41 AM
From: Sam Citron	Respond to of 25522

the protectionist policies of post-war Japan allowed their auto and electronic industries to grow That is an example of protecting "infant industries" until they can stand up to international competition. Most economists, even those who favor free markets, make exceptions for and favor the protection of infant industries for a certain period of time, until they reach a certain level of maturity. India also went through a period of vigorous "import substitution" during the sixties and seventies and, for example, protected the local cola industry from the onslaught of foreign competition from Coca Cola, etc. I do not, however, see how this "infant industry" form of protection applies in the present case to software engineers, for example, whose jobs are threatened by India.