Protectionism

Protectionism

Opposition to free trade. Although intended to protect a country's economy from foreign competitors, it usually makes the protected country worse off than if it allowed international trade to proceed without hindrance from trade barriers such as quotas and tariffs.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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Related terms

protectionism

Professional careers; Sales

Trade policies of governments aimed at protecting domestic industries by limiting the volume of imports.

protectionism

Economy; Economics

Opposition to free trade. Although intended to protect a country’s economy from foreign competitors, it usually makes the protected country worse off than if it allowed ...

protectionism

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Advocacy of protection. The word has a negative connotation, and few advocates of protection in particular situations will acknowledge being protectionists.

protectionism

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A policy of protecting domestic industries from foreign-made competition.

protectionism

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The practice of protecting domestic manufacturers from foreign competition by the imposition of tariffs and quotas on imported goods.

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