protectionism

[US]/prə'tekʃənɪzəm/
[UK]/prə'tɛkʃə'nɪzəm/
Frequency: Very High

Translation

n. protectionism; trade protection system.

Example Sentences

Many countries are adopting protectionism to shield their domestic industries from foreign competition.

Protectionism can lead to trade wars and hinder global economic growth.

Some argue that protectionism is necessary to protect national security interests.

Protectionism often involves the use of tariffs and quotas to limit imports.

Critics of protectionism argue that it can lead to higher prices for consumers.

Protectionism can create barriers to free trade and hinder economic efficiency.

The government implemented protectionism to support struggling domestic industries.

Protectionism is often used as a political tool to appeal to nationalist sentiments.

Trade agreements aim to reduce the need for protectionism by promoting open markets.

The debate over protectionism versus free trade continues to be a contentious issue in global economics.

Real-world Examples

They oppose globalisation and favour protectionism.

Source: The Economist (Summary)

The meeting was overshadowed by concerns about U.S protectionism.

Source: BBC Listening Collection December 2017

Economic populism, protectionism and abuses of power are creeping in.

Source: The Economist (Summary)

Protectionism in shipping is centuries old.

Source: The Economist (Summary)

Overseas, weak global economic recovery and rising protectionism bring growing pressure.

Source: CRI Online November 2016 Collection

Trade and investment are still at a low ebb while protectionism is picking up.

Source: CRI Online October 2016 Collection

Some attribute the change to China's economic slowdown and increased protectionism.

Source: CCTV Observations

Many of the policies spearheaded by both Trump and Modi are geared toward protectionism.

Source: CNN 10 Student English February 2020 Compilation

Isolationism and protectionism can't solve any problems, nor can they bring about development.

Source: CRI Online December 2018 Collection

But ships also show the rotten side of trade: protectionism.

Source: The Economist (Summary)

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