Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other restrictive government regulations designed to discourage imports, and prevent foreign take-over of local markets and companies. This policy is closely aligned with anti-globalization, and contrasts with free trade, where government barriers to trade are kept to a minimum.
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Showing posts with label imports. Show all posts
Showing posts with label imports. Show all posts
Friday, April 3, 2009
Trade Protectionism
Labels:
Exports,
free trade,
imports,
international trade,
protectionism,
tariffs,
trade
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