Popular Terms
Governmental policy aimed at shielding a fragile economy, or a weak or critical sector, from cheaper or better imports through imposition of high duty rates (tariff barriers), quotas, and/or inordinately stringent or time consuming inspection or quality regulations (non-tariff barriers). All countries practice protectionism in one form or another but, generally, without going to any extreme. See also trade liberalization.

Use 'protectionism' in a Sentence

Anti Fragile is a term that would describe a robust or optimal system but sometimes protectionism in deemed quite necessary as well.
20 people found this helpful
When the economy crashed about 8 years ago the government used a lot of protectionism to make sure the damage wasn't to bad
18 people found this helpful
We may not like the taxes the government impose, yet the do it for a good reason. i feel lie I am being robbed but it is their form of protectionism.
15 people found this helpful

Email Print Embed