Definition of protectionism in English:

protectionism

Line breaks: pro|tec¦tion|ism
Pronunciation: /prəˈtɛkʃənɪzəm
 
/

noun

[mass noun] Economics
  • The theory or practice of shielding a country’s domestic industries from foreign competition by taxing imports.
    More 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

noun & adjective
More 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.

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