protectionism
Noun
Meaning
The doctrine or policy of protectionists. See Protection, 4.
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Examples
Abolitionists argue that protectionism serves only to make the public feel that animal use can be morally unproblematic (the "happy meat" position).
Anyone who derives utility from potentially irrational policies like protectionism can receive private benefits while imposing the costs of such beliefs on the general public.
After its disastrous defeat by Japan in 1905, the Russian Navy also needed new equipment, but Russia was handcuffed by a wave of protectionism that required domestic industry for the rebuilding.
After failed experiments with protectionism, Finland eased restrictions and concluded a free trade agreement with the European Community in 1973, making its markets more competitive.
But President Xi Jinping appeared to be taking a direct shot at Mr. Trump last week when he said, “In the contemporary world, any unilateralism, protectionism or extreme egoism will never work.”
But President Xi Jinping appeared to be taking a direct shot at Trump last week when he said, “In the contemporary world, any unilateralism, protectionism or extreme egoism will never work.”