English version

protectionism

From Longman Dictionary of Contemporary English
Related topics: Economics
protectionismpro‧tec‧tion‧is‧m /prəˈtekʃənɪzəm/ noun [uncountable] 🔊 🔊 PEwhen a government tries to help industries in its own country by taxing or restricting foreign goodsprotectionist adjectiveprotectionist noun [countable]
Examples from the Corpus
protectionismBut those of us who understand history must shudder at his adulation of the false gods of isolationism and protectionism.In two fields - telecommunications and media - self-sufficiency and protectionism predominate.The first, rich country protectionism, comes from within global capitalism, but in the form of national as opposed to systemic interests.This evening we have seen the old familiar Labour party of intervention, protectionism and high prices.Dole, Alexander and Forbes responded by accusing Buchanan of advocating a dangerous form of protectionism.Still, these averages mask a lot of protectionism for individual sectors.But the relative strength of scale economies and political protectionism varies greatly between different communications fields.In general terms, the report argues that protectionism has a negative effect on the environment.
From Longman Business Dictionaryprotectionismpro‧tec‧tion‧is‧m /prəˈtekʃənɪzəm/ 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 importedEconomists know that protectionism promotes inefficiency and waste.protectionism and trade warsprotectionist noun [countable]His reluctance to fight the trade issue politically will only help the protectionists succeed.protectionist adjectiveprotectionist laws that shield the nation’s computer industry from foreign competition
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