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English definition of “global protectionism”

global protectionism

noun [U]
 
 
ECONOMICS
actions of governments in different parts of the world to help their own country’s trade or industry by putting taxes on goods bought from other countries or by limiting the amount of goods that can be imported: International business leaders voiced concerns about the potentially damaging effects of global protectionism.
(Definition of global protectionism from the Cambridge Business English Dictionary © Cambridge University Press)
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