„Protectionism“
What does Protectionism stand for?
The deliberate use or encouragement of restrictions on imports to enable relatively inefficient domestic producers to compete successfully with foreign producers, or to protect and preserve those industries and producers considered of critical national interest.
Source:
Trade Barriers and RestrictionsView all itemsKrugman, Paul R., and Maurice Obstfeld. “International Economics: Theory and Policy.” 9th edition, Pearson, 2012.
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