Protectionism

… a core term used in Economic Analysis and Atlas102

Definition

The Economist defines protectionism as opposition to free trade.

The Economist goes on to say:

“Although intended to protect a country’s economy from foreign competitors, it usually makes the protected country worse off than if it allowed international trade to proceed without hindrance from trade barriers such as quotas and tariffs [see Quota and Tariff].”

Atlas topic, subject, and course

Trade (core topic) in Economic Analysis and Atlas102 Economic Analysis.

Source

The Economist, Protectionism, Economics A-Z, at http://www.economist.com/economics-a-to-z/p#node-21529441, accessed 5 May 2016.

Page created by: Ian Clark, last modified 5 May 2016.