Protectionist

Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Protectionist

A scholar or other person who favors government policy or regulation restricting international trade. Examples of policies supported by protectionists include import quotas, which set a maximum number of imports for a certain good over a given period of time, and import substitution, in which the state subsidizes businesses and industries to make domestic goods less expensive. By far the most common example of protectionism, however, is the tariff, which is a tax on imports. Protectionists argue that protectionism encourages domestic production of goods and helps working class people, while critics contend that it hurts the people it aims to help by discouraging competition, which may drive down prices. The balance of protectionism and free trade is a controversial topic regarding the government's role in international trade. See also: General Agreement on Tariffs and Trade.

References in periodicals archive ?

He said the protectionist policy may make it tougher for Pakistani professionals to find jobs in the US while those already working may find their jobs being threatened by US nationals.

Pakistan may suffer from domino effect if world goes to 'trade war'

Perhaps the most infamous protectionist measure in U.

Patriotism as Stealing from Each Other

According to the research, although internationalisation and harmonisation processes have been underway across the world for decades, protectionist measures have been taken by regulators in emerging markets to safeguard local policyholders and insurers.

Best's Special Report: The role of protectionism in emerging EMEA insurance markets

Weakening global growth and dramatic slowdown in global trade growth in the post-crisis years coupled with a whole array of challenges to global economic recovery provided a fertile ground for countries' propensity to resort to protectionist trade policy measures.

Eu and the challenges of rising global protectionism

The Bank of Korea (BOK) estimated that the volume of exports thought to be directly or indirectly affected by protectionist measures accounted for 0.

Protectionist surge to hamper Korea's exports

Winning jockey Moore said he could not believe how easily Protectionist saw off the opposition.

Protectionist gives his Irish owners an Oz-some day

Head of the UNDP regional practice poverty team Ben Slay said that some countries pursue protectionists policy.

Difficult situation in trade field currently observed in Kyrgyzstan - representative of Kyrgyz CCI

BEIRUT: Industry Minister Hussein Hajj Hasan said Thursday that Lebanon must reduce its trade deficit, even if doing so requires adopting protectionist policies.

Hajj Hasan: Trade deficit must be reduced, by any means

The collapse of talks between Singapore lender DBS Bank (SGX: D05) to take over PT Bank Danamon Indonesia last month was attributed to the government's protectionist policy.

-Protectionist policies keep global banking investors away from Indonesia

Some expansion of NTBs has been deliberately protectionist, but more has been the unintended or even unexpected by-product of policies pursued for other purposes.

Easing the burden of non-tariff barriers

Citing how the current protectionist policy restricts imports of sugar and harms U.

National Foreign Trade Council calls for reform of U.S. sugar program

Protectionist first plans to go to the border with "four pistols" and a "cartridge box" and kill anyone who brings iron ore into France.