… is from page 335 of Columbia University economics professor Arvind Panagariya’s excellent and important 2019 book, Free Trade and Prosperity; this quotation is the title of this book’s “Appendix 2”:
There is no logical case for infant industry protection.
DBx: In this brilliant book, Professor Panagariya (pictured here) demolishes – patiently, clearly, and thoroughly – the core arguments for protectionism.
