1 3 4 Ex, Usten to mig ns — Prosperity, Hey hi ecret, questions below, tf an inte, To explain this ide, in th example of my you 9 a TI 's Perfectly capable of own living, that’s a lot of Money saved, for me. But more importantly, this will expose him to competition and make him a very Productive person, Well, of course | don’t do this. He is quite a clever kid and maybe if | support him for another 12 or 15 years, he could become a software engineer or brain surgeon or nuclear physicist. Of course, there's a danger that he might turn out to be a total waste of time, but that's a risk I'm willing to take. | know for sure that if | kick him into the labour market now, he will become a shoe- shine boy, and will maybe grow up to S Explain in detail the analogy Seg between education and protection isthe lations ond out try, and aNd what are i S advantages? Onno OF Several books inc! ie noth? Threat to Global * BOOk. Read it and answer the The analogy 10 get into a m 's: When you are trying higher-return ‘ore difficult and thereby activity, developing Countries have to invest in it The "nvestment comes in the form of Protection, whichmakes, forthe moment, Your local consumer use expensive and inferior domestic Products. But unless You do that, these industries are no Going to grow. You accept that you wi use inferior products from inefficier Producers for the time being. In th Meantime, you do certain things to mat Sure that these firms grow up, ie. th increase their productivity and eventu: give you cheaper domestic goc Create jobs and stimulate other activi In the end, you are better off that So, inefficiency is part of deal. Only you are delibe creating these _ inefficiencies the view of becoming even efficient than otherwise pc between child labour and free trac justries? dicadvantage of protecting growing ind eee 8S ay,