protectionism Definition
- 1the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports
- 2the 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
Antonyms for protectionism
- globalization
- free trade
Phrases with 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.
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.
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'
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.
