„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:

Krugman, Paul R., and Maurice Obstfeld. “International Economics: Theory and Policy.” 9th edition, Pearson, 2012.

Trade Barriers and RestrictionsView all items
Something is not correct?Let us know!