protectionism

(noun)

A policy of protecting the domestic producers of a product by imposing tariffs, quotas, or other barriers on imports.

Related Terms

Examples of protectionism in the following topics:

  • Global Trade: Inequalities and Conflict

    • As a consequence, some level of protectionism is used by almost every nation, in the form of subsidies or tariffs to protect industries a nation considers essential, such as food and steel production.

  • The Status of Women in Mexico

    • The nation adopted policies of economic protectionism, which contributed to an economic boom in which industries rapidly expanded their production.