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Protectionism

usgb/prəˈtekʃənɪzəm/Volume
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Economic Focus

Protectionism is associated with economic policies and decisions, so it's frequently discussed in business and trade contexts.

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Protectionism can lead to higher prices for consumers as imports become more expensive.
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Government Role

This term often appears when talking about government measures or strategies aimed at regulating trade.

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The new government promised to reduce protectionism to attract more foreign investments.
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International Relations

Protectionism can impact how countries interact and negotiate trade agreements with one another.

Illustration for International Relations
Some countries voiced concerns over the rising protectionism.
Visual representation of the word "Protectionism"

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