new protectionism

new protectionism

the use of various devices, such as EXPORT RESTRAINT AGREEMENTS, LOCAL CONTENT requirements and import licensing arrangements, that serve to restrict INTERNATIONAL TRADE.

See WORLD TRADE ORGANIZATION, PROTECTIONISM, BEGGAR-MY-NEIGHBOUR POLICY.

References in periodicals archive ?
Deputy Economy Minister Lachezar Borisov said at a round table "Is the Time of New Protectionism Coming?
At midnight on December 31, 1972, the family firm of a friend of mine, which had bought many thousands of tons of excellent New Zealand milk powder over the years, was abruptly cut off from that reliable supplier by the new protectionism of the inward-looking Europe.
In response to the rise of this new protectionism, governments began to put detailed legal obligations into trade agreements in order to constrain such measures.
THE PUBLIC-ENTITIES EXCEPTION AND THE BIRTH OF THE NEW PROTECTIONISM A.
But the economy will not recover without a new protectionism mechanism
Spend more than a little lime in the business sections of mainstream American newspapers and magazines and you'll be buffeted by the wails over lost American manufacturing jobs, complaints about the wholesale export of all manufacturing to low-cost countries, and calls for a new protectionism for what little American activity remains.
It's true that globalisation could mean a free-for-all, a turning inwards, a new protectionism, even a break up of community life.
oThe new protectionism that we are seeing, however well intentioned, is a wake-up call because it is the last stand from those who believe we can stop the clock, postpone or prevent inevitable changeo, he wrote.
The new protectionism is not only a setback to the global economy, which is showing signs of coming out of the long tunnel of slowdown.
The best-researched parts of the book are those dealing with the postwar construction of the liberal trading order, with all the compromises and loopholes that were part of GATT; the structural impediments and challenges that created so many asymmetries in the grand liberal design; the tough-minded analysis of the new protectionism of the 1980s and the use and abuse by the United States of its own trade rules; and the contested framework of deeper integration at the regional and international level more recently in the 1990s.
Critics in both the North and South fear that this new protectionism is part of a disturbing retreat to a mercantilist Fortress America and Fortress Europe -- a movement that could herd the likes of Ross Perot, Pat Buchanan, agribusinesses, major manufacturers, organized labor and environmentalists onto a single bandwagon.
What we call the New Protectionism aims to regenerate interest in the preservation of communities, economies and livelihoods.

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