Definition of protectionism in English:
protectionism
noun prəˈtɛkʃ(ə)nɪzəmprəˈtɛkʃəˌnɪzəm
mass nounEconomics The theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.
Example sentencesExamples
- He promoted economic nationalism, protectionism, and further cuts in social spending.
- We don't have to choose between strict protectionism and unregulated free trade.
- Moreover, the smaller the country, the greater will be the pressure to opt for free trade rather than protectionism.
- They oppose industrial policy, nationalisation and protectionism.
- He tried to persuade organized labor that free trade and not protectionism was in its interests.
Definition of protectionism in US English:
protectionism
nounprəˈtekSHəˌnizəmprəˈtɛkʃəˌnɪzəm
Economics The theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.
Example sentencesExamples
- He promoted economic nationalism, protectionism, and further cuts in social spending.
- Moreover, the smaller the country, the greater will be the pressure to opt for free trade rather than protectionism.
- He tried to persuade organized labor that free trade and not protectionism was in its interests.
- They oppose industrial policy, nationalisation and protectionism.
- We don't have to choose between strict protectionism and unregulated free trade.