Oxford Development Studies, Vol. 31, No. 1, 2003
Kicking Away the Ladder: Infant Industry Promotion
in Historical Perspective1
ABSTRACT This article introduces a new dimension in the debate on infant industry
promotion by pointing out that,
A firm is a cost-minimizer if it
produces any given output level y
0 at smallest possible total cost.
c(y) denotes the firms smallest
possible total cost for producing y
units of output.
c(y) is the fi