noun · academic
protectionism
/prəˈtɛkʃənɪzəm/pro·TEC·tion·ism
Economic policy of protecting domestic industries from foreign competition, typically using tariffs, quotas, or subsidies.
Examples
“Many countries adopted protectionism after the crisis to shield local jobs.”
“Protectionism can raise prices for consumers.”
“The debate on protectionism versus free trade is central to the election.”
Band 8 sentence
“Recent electoral campaigns have seen a worrying shift toward protectionism, as politicians promise to shield domestic jobs by restricting imports.”
Collocations
- protectionist measures
- rise in protectionism
- implement protectionism
Word family
Common mistakes
Many protectionism measures were introduced.→Many protectionist measures were introduced.
The protectionism increased after the recession.→Protectionism increased after the recession.
Say it for a higher band
5trade barriers→6trade protection→7+protectionism
Synonyms
trade protection
tariff barriers
Easily confused
protectionist
“The government's protectionist policies led to higher prices for consumers.”
Related words
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In -ism
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