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What is infant industry argument of government intervention in international trade? What are the reasons for which many economists remain critical about this argument? (8 points) 8

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What is infant industry argument of government intervention in international trade? What are the reasons for which many economists remain critical about this argument? (8 points) 8. What are the important reasons for advocating strategic trade policy? (8 points) 9. Discuss the role of World Trade Organization (WTO). (8 points)