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protectionism

[pruh-tek-shuh-niz-uh m] /prəˈtɛk ʃəˌnɪz əm/
noun
1.
Economics. the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations.
2.
any program, policy, or system of laws that seeks to provide protection for property owners, wildlife, the environment, etc.
Origin
1855-1860
1855-60; protection + -ism
Related forms
protectionist, noun, adjective
protectionistic, adjective
antiprotectionist, noun, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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