What is another word for protectionism?

Pronunciation: [pɹətˈɛkʃənˌɪzəm] (IPA)

Protectionism is a term commonly used in economics to describe government policies or actions that promote the protection of domestic industries from foreign competition. Some synonyms for protectionism include isolationism, nationalism, economic self-sufficiency, trade barriers, tariffs, and import restrictions. Isolationism refers to a policy of avoiding involvement in foreign affairs, while nationalism promotes the interests of one's own country above those of others. Economic self-sufficiency promotes a focus on domestic production rather than relying on foreign trade. Trade barriers, tariffs, and import restrictions all refer to measures taken to limit foreign competition and protect domestic industries. These synonyms are all related to the idea of protectionism and highlight the various ways in which governments may try to protect their own economies.

What are the paraphrases for Protectionism?

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What are the hypernyms for Protectionism?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Protectionism?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Usage examples for Protectionism

But already the new economic thought, which regarded competition and reciprocal trade as the ideal, instead of legal discriminations and universal protectionism, was gaining ground, as England became more and more the manufacturing centre of the world.
"The Wars Between England and America"
T. C. Smith
Despite the inevitable pressures that build up when the world economy suffers from high unemployment, we must firmly resist the demands for self-defeating protectionism.
"State of the Union Addresses of Jimmy Carter"
Jimmy Carter
That is not to say, of course, that the Republican attitude was due solely to Cleveland, for the party was already committed to protectionism.
"The United States Since The Civil War"
Charles Ramsdell Lingley

Famous quotes with Protectionism

  • Earlier ages fortified themselves behind the sovereign state, behind protectionism and militarism.
    Christian Lous Lange
  • It is against this concept of the sovereign state, a state isolated by protectionism and militarism, that internationalism must now engage in decisive battle.
    Christian Lous Lange
  • The philosophy of protectionism is a philosophy of war.
    Ludwig von Mises
  • Europe should stick to an open economy, to competition and we should refuse protectionism. It will not save one single job in the long run to protect non-competitive industries.
    Anders Fogh Rasmussen
  • We don't want protectionism at the heart of the European Union.
    Guy Verhofstadt

Related words: protectionist, protectionism as a policy, protectionist trade policies, protectionist tariff, countertariff, protectionism definition, nationalism and protectionism

Related questions:

  • Is protectionism bad for the economy?
  • What is protectionism?
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