global protectionism Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “global protectionism” in the English Dictionary

"global protectionism" in Business English

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global protectionismnoun [U]

uk   us   ECONOMICS
actions of ​governments in different ​parts of the ​world to ​help their own country’s ​trade or ​industry by putting ​taxes on ​goodsbought from other countries or by ​limiting the ​amount of ​goods that can be ​imported: International ​businessleaders voiced ​concerns about the ​potentiallydamagingeffects of ​globalprotectionism.
(Definition of global protectionism from the Cambridge Business English Dictionary © Cambridge University Press)
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