WordUpWordup

Protectionism

usgb/prəˈtekʃənɪzəm/Volume
Left Definition 1 of 1Right
LampPro Tip 1/3
Economic FocusPlay
Protectionism is associated with economic policies and decisions, so it's frequently discussed in business and trade contexts. SlideProtectionism can lead to higher prices for consumers as imports become more expensive.
LampPro Tip 2/3
Government RolePlay
This term often appears when talking about government measures or strategies aimed at regulating trade. SlideThe new government promised to reduce protectionism to attract more foreign investments.
LampPro Tip 3/3
International RelationsPlay
Protectionism can impact how countries interact and negotiate trade agreements with one another. SlideSome countries voiced concerns over the rising protectionism.