Difference between revisions of "Protectionism"

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The deliberate use or encouragement of restrictions on imports to enable relatively inefficient domestic producers to compete successfully with foreign producers.
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'''Protectionism''' refers to protecting domestic workers and businesses against competition by foreign businesses.  The term is often used in a pejorative sense to criticize [[tariffs]] and other measures that have the effect of helping [[Americans]] in an economic sense.
  
 
==Sources==
 
==Sources==

Revision as of 00:14, November 1, 2007

Protectionism refers to protecting domestic workers and businesses against competition by foreign businesses. The term is often used in a pejorative sense to criticize tariffs and other measures that have the effect of helping Americans in an economic sense.

Sources

http://usinfo.state.gov/products/pubs/oecon/chap12.htm