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protectionistic

 - 2 dictionary results

pro⋅tec⋅tion⋅ism

  [pruh-tek-shuh-niz-uhm]
Use protectionistic in a Sentence
–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:
1855–60; protection + -ism

Related forms:
pro⋅tec⋅tion⋅ist, noun, adjective
pro⋅tec⋅tion⋅is⋅tic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

protectionism

The establishment of barriers to the importation of goods and services from foreign countries in order to protect domestic producers. Protectionism generates higher consumer prices. It is also likely to penalize domestic exporters because foreign countries are apt to retaliate with trade barriers of their own.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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