protectionism

/protectionism/

Thân thiện

The government's protectionism led to higher tariffs on imported goods.

Definition

1. Noun:
   • An economic policy: "protectionism" refers to a government policy of imposing tariffs, quotas, or other restrictions on imported goods to shield domestic industries from foreign competition.

Usage

• "Protectionism" is used to describe a national economic strategy. It is typically discussed in contexts of international trade, economics, and politics.
• It is often contrasted with free trade policies.

Examples

• Noun:
  • The government's move toward protectionism worried international trading partners.
  • Many economists argue that protectionism can lead to trade wars and higher prices for consumers.

Advanced Usage

• "Economic protectionism": a more specific term emphasizing the policy's economic nature.

  • The debate centered on the merits of economic protectionism versus global free trade.

• "Rising protectionism": describes an increasing trend of adopting such policies.

  • There are concerns about rising protectionism in the global market.

Variants and Related Words

• Protectionist (adj): relating to or advocating for protectionism.

  • The senator made a protectionist argument for the new tariffs.

• Protectionist (n): a person who supports protectionism.

  • The candidate was a known protectionist.

Synonyms

• Trade barrier policy: a policy that creates obstacles to international trade.
• Economic nationalism: an ideology prioritizing domestic control of the economy, often through protectionist measures.

Antonyms

• Free trade: a policy of minimal government interference in international trade.
• Liberalization: the removal or reduction of restrictions or barriers.

Related Phrases

• "A wave of protectionism": a period where many countries adopt protectionist policies.

  • The global recession triggered a wave of protectionism.

• "Protectionist measures": the specific actions (like tariffs or quotas) taken to implement the policy.

  • The new protectionist measures were aimed at the automotive industry.

Học thuật

Noun

1. the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition