protectionism
Shielding domestic industry
Protectionism is government policy that shields domestic industries from foreign competition through tariffs, quotas, or other trade barriers.
The term usually carries negative connotations, implying economic short-sightedness: Protectionism may save jobs in the short term but raises prices for consumers.
Advocates prefer terms like "fair trade" or "industrial policy."
Taxes on imports
- import quotasLimits on foreign purchases
- subsidiesFinancial aid from government
- anti-dumpingCountering below-cost imports
- trade barriersRestrictions on cross-border commerce
import duties · customs duties · import restrictions · embargo · trade sanctions · trade war · border tax · quota system
Trade policy favoring exports
- autarkyComplete economic independence
- self-sufficiencyIndependence from outside aid
- nationalizeTransfer to state ownership
- national championsTeam that won nationally
reshoring · onshoring · industrial policy · state intervention · economic independence · trade bloc · currency manipulation
Act of taking away
- non-interventionPolicy of staying uninvolved
- insularityNarrow detachment from broader views
- seclusionVoluntary withdrawal from society
- closed bordersRestricted national entry points
economic isolation · trade embargo · sanctions · quarantine · decoupling · disengagement · retreat · inward-looking
Hatred of outsiders
- anti-immigrationOpposed to foreign settlement
- nationalismDevotion to one's country
- ethnocentrismBelief one's culture superior
- chauvinismMilitant devotion to group
parochialism · immigration controls · nativist · America First
tariffs
Taxes on imports
- import quotasLimits on foreign purchases
- subsidiesFinancial aid from government
- anti-dumpingCountering below-cost imports
trade barriers · import duties · customs duties · import restrictions · embargo · trade sanctions · trade war · border tax · quota system · customs valuation
mercantilism
Trade policy favoring exports
- autarkyComplete economic independence
- self-sufficiencyIndependence from outside aid
- nationalizeTransfer to state ownership
national champions · reshoring · onshoring · industrial policy · state intervention · economic independence · trade bloc · currency manipulation
withdrawal
Act of taking away
- non-interventionPolicy of staying uninvolved
- insularityNarrow detachment from broader views
- seclusionVoluntary withdrawal from society
closed borders · economic isolation · trade embargo · sanctions · quarantine · decoupling · disengagement · retreat · inward-looking · self-reliance
xenophobia
Hatred of outsiders
- anti-immigrationOpposed to foreign settlement
- nationalismDevotion to one's country
- ethnocentrismBelief one's culture superior
chauvinism · parochialism · immigration controls · nativist · America First
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- global tradefree trade, export tax, exports, import tax, imports
- tradetrade balance, free trade, trade barriers, customs, trade deficit
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- Global Economicsfree trade, economic development, trade pacts, economic growth, trade blocs
protectionismlaissez-faire
Noninterference in commerce
neoliberalism · globalism · internationalism · classical liberalism · free enterprise