Definition of protectionism in English:

Share this entry

protectionism

Pronunciation: /prəˈtɛkʃ(ə)nɪzəm/

noun

[mass 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.

For editors and proofreaders

Line breaks: pro|tec¦tion|ism

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.