Protectionism: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
imported>Doug Williamson
(Add link.)
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
''Economics''.
''Economics''.


Governmental actions and policies designed to protect domestic businesses against competition from foreign companies.
Central actions and policies designed to protect domestic businesses against competition from foreign businesses, or businesses external to a trading bloc.


Protectionism can be achieved by imposing tariffs or quotas on imported goods, or granting subsidies or tax advantages to domestic businesses.
Protectionism can be achieved by imposing tariffs or quotas on imported goods, or granting subsidies or tax advantages to domestic businesses.
Line 12: Line 12:


==See also==
==See also==
* [[Bloc]]
* [[Free trade]]
* [[Free trade]]
* [[Globalisation]]
* [[Globalisation]]
* [[Harmonisation]]
* [[International trade]]
* [[International trade]]
* [[Protectionist]]
* [[Protectionist]]
Line 19: Line 21:
* [[Tariff]]
* [[Tariff]]
* [[Trade war]]
* [[Trade war]]
* [[Treaty]]
* [[Trumponomics]]
* [[Trumponomics]]


[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Trade_finance]]
[[Category:Trade_finance]]

Latest revision as of 13:31, 18 July 2022

Economics.

Central actions and policies designed to protect domestic businesses against competition from foreign businesses, or businesses external to a trading bloc.

Protectionism can be achieved by imposing tariffs or quotas on imported goods, or granting subsidies or tax advantages to domestic businesses.


The consequence of domestic protectionism, and tit-for-tat retaliatory measures by foreign countries, is to restrict international trade.

Escalated protectionism and retaliation is considered to be a 'trade war'.


See also