Economic protectionism refers to the practice of a country shielding its domestic industries and economy from foreign competition by imposing barriers like tariffs, quotas, and restrictions on imports. This strategy aims to support local businesses, protect jobs, and promote domestic production.
Full definition
And amid the debate over how far the government should go to protect certain industries in the era of global competition and technological change, some trade and industry experts are questioning whether the administration is simply using national security as an excuse
for economic protectionism.
Price's conclusion is telling: «Lengthy and vigorous popular press campaigns demanded
economic protectionism in the 1920s and a referendum on Europe in the 1990s and 2000s.
These economists, among them 14 Nobel Prize winners, warned the president that his tariff policies and
economic protectionism mirrored similar actions of the 1930s that lead to the Great Depression.
As the judicial interpretation of the commerce clause has evolved over time, it has come to include the federal authority to nullify state or municipal laws whose object is
local economic protectionism (the so - called dormant or hidden commerce clause).
Writing in The Washington Post, Henry Farrell and Abraham Newman, professors at George Washington University, suggest that the ban may have more to do
with economic protectionism than national security.
Such is the label one risks when publicly toying with the idea
of economic protectionism and doubting the wisdom of the market — and the CEO of Manulife Financial Corp. (TSX: MFC) has more than a few doubts.
President's «
economic protectionism» harkens back to errors that fueled Great Depression, say experts including 14 Nobel winners
Over a thousand economists have written to Donald Trump warning his «economic protectionism» and tough rhetoric on trade threatens to repeat the mistakes the US made in...
President's «
economic protectionism» harkens back to errors that fueled Great Depression, say experts including 14 Nobel winnersOver a thousand economists have written to Donald Trump warning his «economic protectionism» and tough rhetoric on trade threatens to repeat the mistakes the US made in the 1930s, mistakes that plunged the world into the Great Depression.The 1,140 -LSB-...]
Over a thousand economists have written to Donald Trump warning his «
economic protectionism» and tough rhetoric on trade threatens to repeat the mistakes the US made in the 1930s, mistakes that plunged the world into the Great Depression.
Companies looking to import from Brazil will also find difficulties, as, according to the Economist, the combination of a complex tax code, strict labour laws and
economic protectionism, Brazil's manufacturing base is the fourth - least productive amongst OECD countries.
Trump's «America First» agenda — typified by
its economic protectionism and rejection of the established multilateral order — is entirely antithetical to the G20's previous commitments to reject protectionism and safeguard the liberal, rules - based, multilateral governance order.
This study investigates this expansion of dental licensing as a form of
economic protectionism, where...
Tesla is accusing Missouri of
economic protectionism that would essentially create a monopoly for franchised dealerships at the detriment of consumers.
Privacy Protection Acts: Privacy Protection or
Economic Protectionism?
More fundamentally, we believe the referendum result provides a second wind to populism (and the tenants of
economic protectionism) throughout the western world.
The Court's discussion on this point seems to present this as an all - or - nothing interpretation, where in other contexts it is easy to imagine the Court finding a balanced approach that would preserve legitimate exercises of provincial power while not permitting obvious examples of
economic protectionism.