protectionism :

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protectionism

pruh tek shuh ni zuhm

  • n  the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition

  • What about protectionism? We've seen it in the past.
  • In addition, protectionism is tough to pull off now that the world's supply chains have been knitted together.
  • It is an article of faith among economists that rising global protectionism intensified the Great Depression of the 1930s.
News & Articles

Quotes

  • Gordon Brown in Reuters
    We have not yet seen the same protectionism in trade with beggar thy neighbor policies of the '30s. And I will fight hard to ensure we do not,Britain's Brown, who will chair the April G20 summit, said in London on Monday.
  • Hu Jintao in CNN
    Our two countries need to oppose and reject protectionism and all its manifestations,Hu said.
  • President Bush in Sydney Morning Herald
    We hear voices calling for us to retreat from the world and close our doors to these opportunities,Mr Bush said in a speech in Singapore before he flew to Hanoi. "These are the old temptations of isolationism and protectionism, and America...

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