protectionism

[prəˈtekʃənɪzəm]

protectionism Definition

• 1. the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports
• 2. the policy of protecting the interests of native-born or established inhabitants against those of immigrants

Using protectionism: Examples

Take a moment to familiarize yourself with how "protectionism" can be used in various situations through the following examples!

• Example

  The government's protectionism policies have led to increased tariffs on imported goods.

• Example

  Protectionism can lead to a decrease in international trade and economic growth.

• Example

  The company's protectionist measures have helped it maintain its market share against foreign competitors.

protectionism Synonyms and Antonyms

Synonyms for protectionism

• isolationism
• mercantilism
• nationalism

Antonyms for protectionism

• globalization
• free trade

Phrases with protectionism

• economic protectionism

  the use of trade barriers, such as tariffs and quotas, to protect domestic industries from foreign competition

  Example

  The government's economic protectionism policies have been criticized for hindering international trade.

• cultural protectionism

  the policy of protecting the cultural heritage of a nation or region from outside influences

  Example

  The country's cultural protectionism policies aim to preserve its traditional arts and crafts.

• environmental protectionism

  the policy of protecting the environment from damage caused by human activity, often through regulation and conservation efforts

  Example

  The organization advocates for environmental protectionism policies to combat climate change.

Origins of protectionism

from 'protection' + '-ism'

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Summary: protectionism in Brief

Protectionism [prəˈtekʃənɪzəm] is a policy or theory that shields a country's domestic industries from foreign competition by taxing imports. It can also refer to protecting the interests of native-born or established inhabitants against those of immigrants. Examples include increased tariffs on imported goods and measures to maintain market share against foreign competitors. Protectionism extends into phrases like 'economic protectionism,' 'cultural protectionism,' and 'environmental protectionism,' which respectively aim to protect domestic industries, cultural heritage, and the environment.