Noun
The doctrine or policy of protectionists. See Protection, 4.
Source: Webster's dictionaryAbolitionists argue that protectionism serves only to make the public feel that animal use can be morally unproblematic (the "happy meat" position). Source: Internet
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. Source: Internet
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. Source: Internet
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. Source: Internet
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.” Source: Internet
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.” Source: Internet