The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is PROTECTIONISM

This is carried out by a country in order to protect its own products against the importation of inferior and cheaper products. This is done by placing high duty tarrifs on goods brought into the counntry or they are given quotas that are impossible to achieve. Every country will have its own version of protectionism.

Share on facebook
Facebook
Share on twitter
Twitter

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.