Protectionism Wiki - What is the protectionism?
Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents claim that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors. However, they also reduce trade and adversely affect consumers in general (by raising the cost of imported goods), and harm the producers and workers in export sectors, both in the country implementing protectionist policies, and in the countries protected against. There is a consensus among economists that protectionism has a negative effect on economic growth and economic welfare, while free trade, deregulation, and the reduction of trade barriers has a positive effect on economic growth. In fact protectionism has been implicated by some scholars as the cause of some economic crises, in particular the Great Depression. However, trade liberalization can sometimes result in large and unequally distributed losses and gains, and can, in the short run, cause significant economic dislocation of workers in import-competing sectors..
What does the word protectionism mean? Find synonyms, antonyms and the meaning of the word protectionism in our free online dictionary! Find words starting with protectionism and anagrams of protectionism.
Definitions of "protectionism"
- The advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services. noun
- A policy of protecting the domestic producers of a product by imposing tariffs, quotas or other barriers on imports. noun
- The doctrine or policy of protectionists. See protection, 4. noun
- The doctrine of the protectionists; the system of protection. See protection, 4. noun
- the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition noun
The word "protectionism" in example sentences
They argue that we can squelch popular support for protectionism by making the tax code more progressive: The best way to avert the rise in protectionism is by instituting a New Deal for globalization -- one that links engagement with the world economy to a substantial redistribution of income.. [Does Scheve and Slaughter's "New Deal" Pass the Sniff Test?, Bryan Caplan | EconLog | Library of Economics and Liberty]
As people apply the term protectionism as it pertains to outsourcing and the destruction of our Middle-class was and has been a "conspiracy" to transfer the wealth of the nation to the elites and "corpracy" that now appear to rule our nation; the impact of this globalization is now threatening the very existence of our entire social structure and the outsourcing still continues unabated.. [Free Trade Is A Misnomer; So-Called Protectionism Is A Matter of Self Survival]
Now McCain today declaring that in his opinion the consequences of what he called protectionism and isolationism could cause immense harm to middle class Americans.. [CNN Transcript Jul 1, 2008]
DOBBS: Alan Greenspan has said in effect that he is very concerned about the rising tide of what he called protectionism, do you view this legislation as protectionism?. [CNN Transcript Mar 12, 2004]
He rejected what he called protectionism and both leaders said they'd work to perfect a trade agreement enacted between the countries last year.. [Newsvine - Get Smarter Here]
Yes, of course protectionism is anti-liberty, but so is tax collection so that roads to cities you're never going to visit, but we are okay with that.. [Economic Education, Arnold Kling | EconLog | Library of Economics and Liberty]
They imply that protectionism is always bad, but people want jobs in their countries, and they want the money flowing around them.. [Campaign Season Economics, Arnold Kling | EconLog | Library of Economics and Liberty]
Normal market incentives (out performing your competition) are sufficient incentive for Creativity, protectionism is not needed.. [Tax Cuts for the Rich, Arnold Kling | EconLog | Library of Economics and Liberty]
Mitch Potter of the Star reported this week on the increase in protectionism in the U.S.,. [Canadian Options for American Protectionism : Law is Cool]
If the emerging markets do not start to seriously revalue, trade war and protectionism is bound to begin in earnest.. [Western Governments' Addiction To Credit And The Rise Of China]
The same middle-class protectionism is reflected in the "poison pills" left the coalition by Gordon Brown.. [Cutting from the rich and clobbering the middle, Cameron looks like a lefty]
Like its cousin protectionism, immigration restrictionism polls well, but for some reason its supporters are like the famous “Obama girl”; they talk loudly but never get around to casting votes.. [Illinois Politics]
Regarding unreasonable demands, we have seen people who embrace the myth that protectionism is the road to economic growth (Ross Perot, Pat Buchanan).. [Economics vs. Populism, Arnold Kling | EconLog | Library of Economics and Liberty]
If, say, the real motivation behind protectionism is to slow the rate of economic change in a geographic area then that's hardly a fallacy ... that's what protectionism does!. [The Myth of the Rational Voter, Sowell Edition, Bryan Caplan | EconLog | Library of Economics and Liberty]
Coming from a country which hobbled itself with daft protectionism for 70 years, let me assure you protectionism is noxious, but it is not that noxious.. [Coyote Blog » Blog Archive » Post-War Devastation]
Well, if the protectionism is too much, it will harm the economy more than the job creation helps.. [Matthew Yglesias » Bush’s Cheese Tarriffs and the Trouble With “Buy American”]
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