幼稚 ようち産業 さんぎょう保護 ほご ろんでしょう
yōchisangyō hogoro ndeshō

Noun
Desu Copula

Expresses probability in a polite manner ("probably…") of 幼稚産業保護論

1. Probably infant industry argument.

Polite
Presumptive
Conjecture