protectionism


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pro·tec·tion·ism

 (prə-tĕk′shə-nĭz′əm)
n.
The advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services.

pro·tec′tion·ist n.

pro•tec•tion•ism

(prəˈtɛk ʃəˌnɪz əm)

n.
the practice of protecting domestic industries from foreign competition by imposing import duties or quotas.
[1855–60]
pro•tec′tion•ist, n., adj.

protectionism

the theory or practice of a method of fostering or developing industry through restrictive tariffs on foreign imports. — protectionist, n., adj.
See also: Economics
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.protectionism - the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition
economic policy - a government policy for maintaining economic growth and tax revenues
import barrier, trade barrier - any regulation or policy that restricts international trade
Translations

protectionism

[prəˈtekʃənɪzəm] Nproteccionismo m

protectionism

[prəˈtɛkʃənɪzəm] nprotectionnisme m

protectionism

protectionism

[prəˈtɛkʃˌnɪzm] nprotezionismo
References in periodicals archive ?
Leaders of the Group of 20 major economies warned on Saturday of growing risks to the global economy but stopped short of denouncing protectionism, calling instead for a free, fair trade environment after talks some members described as difficult.
Summary: Thailand's premier made an impassioned plea against protectionism on Sunday at a meeting of Southeast Asian leaders where the fallout from t...
It is hoped that the countries in the region will clearly oppose unilateralism, egoism and protectionism, firmly promote regional economic integration, and promote the development of the global economy towards a more open, inclusive and mutually beneficial balance and win-win situation.
ASEAN+3 rejects protectionism, commits to intra-regional trade !-- -- Czeriza Valencia (The Philippine Star) - May 4, 2019 - 12:00am MANILA, Philippines Member states of the Association of Southeast Asian Nations (ASEAN) and three of the biggest economies in Asia yesterday vowed to reject protectionism and committed to accelerate intra-regional trade and investments.
The three East Asian economic giants together with Asean member-states on Thursday reiterated that they would fight protectionism while strengthening intraregional trade through targeted initiatives amid slowing global growth.
China, April 27 (Petra)-- Chinese President Xi Jinping called on dozens of world leaders to reject protectionism and invited more countries to participate in his global infrastructure project.
M2 EQUITYBITES-April 16, 2019--Bank of Japan decries trade protectionism
BANKING AND CREDIT NEWS-April 16, 2019--Bank of Japan decries trade protectionism
"The protectionism of some countries has harmed mutual trust among countries, limited the scope for multilateral cooperation, and impeded the willingness to achieve it," Chen Yulu, a vice governor at the People's Bank of China (PBOC), said in a statement to the International Monetary and Financial Committee, or IMFC."Unilateralism and protectionism can only exacerbate domestic imbalances and impair necessary structural adjustments, which can negatively affect the countries concerned as well as global growth," he said.
Protectionism impedes competition and so the consumer suffers in terms of choice, differentiated product, price and quality etc.
By exploring the history of protectionism since the nation's founding, the rise of the modern-day liberal order, and its potential demise under Trump, this former congressman, trade negotiator, and lawyer lays out a story designed to reach a wide audience.