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
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.