A policy designed to shield the local economy from outside competition through high tariffs, subsidies, or trade restrictions. (empty)(empty)
protecting your economy from the international economy by imposing various restrictions on flow of imports or exports of goods or services into or out of your country (see also free trade)
the policy of protecting domestic industries from the competition of foreign-made goods
Government policies fostering home industries by protecting them from the competition of foreign goods, the importation of these being checked or discouraged by the imposition of duties (tariffs) or otherwise. Purchasing Power Parity (PPP): . To compare economic statistics across countries, the data must first be converted into a common currency. Unlike conventional exchange rates, PPP rates of exchange allow this conversion to take account of price differences between countries. Recently purchasing power parity exchange rates have been calculated comparing the cost of a common basket of commodities in every country. By eliminating differences in national price levels, the method facilitates comparisons of real values for income, poverty, inequality and expenditure patterns.
the practice of protecting domestic manufacturers from foreign competition by the imposition of tariffs and quotas on imported goods.
'Protection' means charging foreign traders a tax, or tariff, when their goods enter your country. In 1815, the British Parliament, which was dominated by the landed gentry, passed the Corn Laws, which placed a high tariff on foreign corn (a term for different types of grain, not just maize) thus making it unprofitable to import. The aim was to protect British farmers from being undersold by cheaper grain from the Continent. The Corn Laws, however, did not lead to prosperity, but to bread shortages and hunger for the working classes.
Protection of domestic industries from international competition. Ex: tariffs, non-tariff barriers, subsidies.
A government policy that defends national filmmaking from competition by foreign imports. Typical protectionist policies are quotas on the number of films that may be imported or shown, requirements that theater time be set aside for the domestic product, and forms of financial aid to domestic production.
the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition
Use of barriers to trade, tariffs and quotas (limits on the numbers of particular imports) in order to build up a country's domestic industry.
A policy of systematic discrimination in favour of domestic industry against imports through import barriers and impediments on foreign investment.
the process of government economic protection for domestic producers through restrictions on foreign competition
A policy of using barriers to trade which may limit the free flow of goods, services, and resources.
An international trade philosophy that favors the creation of barriers against the importing of goods to shelter domestic industries from foreign competition.
Government policies aimed at shielding a country's industries from foreign competition.
The setting of trade barriers high enough to discourage foreign imports or to raise the prices sufficiently to enable relatively in- efficient domestic producers to compete successfully with foreign producers.
Theory of or belief in the advantages of restricting trade so as to encourage or benefit domestic producers. Public goods Goods or services that, once provided, generate benefits that can be enjoyed by all simultaneously. A lighthouse is the classic example of a public good.
A government's efforts to protect its own agricultural and manufacturing industries from international competition. See also free trade.
a policy of protecting domestic industries from foreign-made competition
A tariff or import quota, for example, imposed by a country in response to foreign competition, to protect domestic producers.
the use of restrictions on imports that enable domestic producers to compete successfully within their home market with foreign producers, whose goods and services are more costly or simply unavailable as a result of such restrictions.
The deliberate use or encouragement of restrictions on imports to enable relatively inefficient domestic producers to compete successfully with foreign producers.
policy reflecting the belief that domestic manufacturers and workers need to be shielded from foreign competition by placing trade barriers on foreign goods
Protecting domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
the government's use of restrictions to protect domestic producers from foreign competition
A restrictive trade policy aimed at discouraging imports (by means of tariffs, quotas and other barriers) in order to artificially help domestic producers competing with foreign suppliers. Français: Protectionnisme Español: Proteccionismo
Protectionism is the economic policy of restraining trade between nations, through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports, and anti-dumping laws in an attempt to protect domestic industries in a particular nation from foreign take-over or competition. This contrasts with free trade, where no artificial barriers to entry are instituted.