Examlex
Which of the following reflects the combination of foreign and Japanese elements characteristic of Meiji reforms in the late nineteenth century?
Infant Industry Theory
An economic rationale for trade protectionism arguing that emerging domestic industries need protection from international competition until they become mature and competitive.
Protected
Safeguarded from harm or damage through legal, physical, or other means.
Emerging Industries
Sectors or industries that are in the early stages of development and show potential for significant growth and innovation in the future.
First Mover
Refers to a company that is the first to enter a particular market, gaining advantages such as brand recognition and customer loyalty before competitors.
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