protectionism

[pruh-tek-shuh-niz-uhm]

noun

1. Economics.,  the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations.

2. any program, policy, or system of laws that seeks to provide protection for property owners, wildlife, the environment, etc.

Other Word Forms

• protectionist noun
• protectionistic adjective
• antiprotectionist noun

Word History and Origins

Origin of protectionism¹

First recorded in 1855–60; protection + -ism

Example Sentences

"As the US and others embrace increased protectionism, Asia is moving in the opposite direction, as pro-business governments are increasing trade openness," Ms Bharadwaj says.

From BBC

It was condemned by Beijing as "naked protectionism".

From BBC

Where once Democrats were suspicious of free trade, today they embrace it as part of their criticism of the president’s protectionism.

From Salon

South East Asian governments responded with a wave of protectionism, as local businesses demanded to be shielded from the impact of Chinese imports.

From BBC

“If the Chinese government can usher in stimulus measures so big they can offset a lot of these protectionism policies, there is a chance that maybe they could narrowly escape the recession,” Liu said.

From Los Angeles Times