The infant industry argument is criticized because it relies on an assumption that firms are unable to create economical long investments by borrowing cash from the domestic or international capital market.
In economics, an infant-industry is one that's new and in its early stages of development and, thus, not nevertheless capable of competitory against established trade competitors.
The infant industry argument, is a classic theory in international trade, states that new industries need protection from international competitors till they become mature, stable, and are ready to be competitive.
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