preferentialismn.
/ˌprɛfəˈrɛnʃl̩ɪz(ə)m/, /ˌprɛfəˈrɛnʃəlɪz(ə)m/, U.S. /ˌprɛfəˈrɛn(t)ʃ(ə)ˌlɪz(ə)m/ Economics.
The system of preference (preference n. 5); esp. (in Britain and the Commonwealth) the system of imperial preference (now historical).
ΘΚΠ
society > trade and finance > [noun] > principles and practice of > a commercial custom or practice
commercialism1881
preferentialism1903
1903 Times 2 June 3/1 The proposal is manifestly draped with the pretext of preferentialism for the purpose of putting the principle of protection in the place of free trade.
1905 Daily Chron. 7 Sept. 3/6 This Protectionist section is coquetting with Preferentialism as a step towards a higher tariff.
1909 Daily Chron. 19 Sept. 3/6 Sir Albert Spicer is struck by the small amount of consideration given to preferentialism by the average Australian.
1997 Ottawa Citizen (Nexis) 2 Dec. a17 With the inability of President Clinton to offer any further trade carrots to prospective bilateral partners, there is a distinct possibility that this tilt towards preferentialism in our trade policy will be further enhanced.
This entry has been updated (OED Third Edition, March 2007; most recently modified version published online March 2022).
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n.1903