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protectionism

Syllabification: pro·tec·tion·ism
Pronunciation: /prəˈtekSHəˌnizəm
 
/

Definition of protectionism in English:

noun

Economics
The theory or practice of shielding a country’s domestic industries from foreign competition by taxing imports.
Example sentences
  • Moreover, the smaller the country, the greater will be the pressure to opt for free trade rather than protectionism.
  • He tried to persuade organized labor that free trade and not protectionism was in its interests.
  • We don't have to choose between strict protectionism and unregulated free trade.

Derivatives

protectionist

1
noun& adjective
Example sentences
  • All this leads to a myriad of various political economies with abundant protectionist features.
  • The economic consequences of protectionist policies and of the trend toward autarky are the same for all countries.
  • The opponents of world bureaucracies, no matter how much they favored free trade, were called isolationists and protectionists - words drawn from recent war propaganda.

Definition of protectionism in:

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