protectionism

protectionism
Notion that governments should protect domestic industry from import competition by means of tariffs , quotas, and other trade barriers. Bloomberg Financial Dictionary

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protectionism pro‧tec‧tion‧is‧m [prəˈtekʆnɪzm] noun [uncountable] ECONOMICS
when a government tries to help industry, farming etc in its own country by taxing foreign goods that compete with it, so limiting the number that can be imported:

• Economists know that protectionism promotes inefficiency and waste.

• protectionism and trade wars

— protectionist noun [countable] :

• His reluctance to fight the trade issue politically will only help the protectionists succeed.

— protectionist adjective :

• protectionist laws that shield the nation's computer industry from foreign competition

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   Protection of a domestic industry from cheaper competitive imports by such means as import duties, import quotas, export subsidies, health and environment regulations.

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protectionism UK US /prəˈtekʃənɪzəm/ noun [U] ECONOMICS
► actions of a government to help its country's trade or industry by putting taxes on goods bought from other countries or by limiting the amount of goods that can be imported: »

The committee will discuss the relative merits of free trade and protectionism.

 »

economic protectionism


Financial and business terms. 2012.

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Look at other dictionaries:

  • protecţionism — PROTECŢIONÍSM s.n. Politică economică a unui stat, care urmăreşte protejarea temporară, parţială sau totală a industriei şi a agriculturii indigene prin aplicarea unui regim vamal cu tarife ridicate la mărfurile de import, prin restricţii… …   Dicționar Român

  • Protectionism — Pro*tec tion*ism, n. (Polit. Econ.) The doctrine or policy of protectionists. See {Protection}, 4. [1913 Webster] …   The Collaborative International Dictionary of English

  • protectionism — n. The policy of limiting trade with foreign nations in an attempt to protect domestic producers. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • protectionism — ► NOUN Economics ▪ the theory or practice of shielding a country s domestic industries from foreign competition by taxing imports. DERIVATIVES protectionist noun & adjective …   English terms dictionary

  • protectionism — [prə tek′shəniz΄əm] n. Econ. the system, theory, or policy of protection protectionist n., adj …   English World dictionary

  • Protectionism — For the protectionist Australian political party from the 1880s to 1909, see Protectionist Party Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and …   Wikipedia

  • protectionism — protectionist, n., adj. protectionistic, adj. /preuh tek sheuh niz euhm/, n. 1. Econ. the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on… …   Universalium

  • Protectionism —    A set of economic policies promoting favored domestic industries by using high tariffs and regulations designed to discourage imports. Historical variants of protectionism have included mercantilism, a trade policy aimed at maximizing currency …   Encyclopedia of the Age of Imperialism, 1800–1914

  • Protectionism — Protecting domestic industry from import competition by means of tariffs, quotas, and other trade barriers. The New York Times Financial Glossary * * * protectionism pro‧tec‧tion‧is‧m [prəˈtekʆnɪzm] noun [uncountable] ECONOMICS when a… …   Financial and business terms

  • Protectionism — Government actions and policies that restrict or restrain international trade, often done with the intent of protecting local businesses and jobs from foreign competition. Typical methods of protectionism are import tariffs, quotas, subsidies or… …   Investment dictionary

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