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Home > QFINANCE Dictionary > Definition of protectionism

Definition of

protectionism

International Trade

government protection of domestic firms by limiting imports a government economic policy of restricting the level of imports by using measures such as tariffs and nontariff barriers in order to protect a country's domestic industries

protectionism - Related Articles

  • Future Directions: The Global Economy After the Crash

    Viewpoints

    Having said that, the US appetite for taking out the protectionist knives is worryingly strong. Protectionism, or phases of protectionism, in small economies is not particularly alarming. If South Korea or Indonesia suddenly started to raise tariff barriers, it would not necessarily be the start
    By Arun Motianey

  • Lessons from the Current Crisis

    Viewpoints

    The current crisis has also made the critics of free trade more confident. But trade did not cause the crisis, and protectionism will not cure it. The East Asians were smart enough to know that premature capital account convertibility (i.e. freeing of capital flows which is the “financial sector
    By Jagdish Bhagwati

  • Why Turning Growth into Profit Is Challenging for Asian Economies

    Viewpoints

    —and whether in fact it is possible to reverse the trend. In effect, we are moving into an era when the debate is between globalization and a return to protectionism.
    By Peter Elston

  • Asia: Future Perspectives

    Viewpoints

    Obama ran on a platform of taxing capital and protectionism, and won, at a time when the world knows that those two platforms are crazy. But he did it. Throughout history we know that the taxation of capital has been a disaster. It leaves a country with less capital and, if that’s done during a
    By Jim Rogers

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Definitions of ’protectionism’ and meaning of ’protectionism’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’protectionism’ and other financial terms with our online QFINANCE Financial Dictionary.

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