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protectionism |
Also found in: Financial, Encyclopedia, Wikipedia | 0.04 sec. |
protectionismIn economics, the imposition of heavy duties or import quotas by a government as a means of discouraging the import of foreign goods likely to compete with domestic products. Price controls, quota systems, and the reduction of surpluses are among the measures taken for agricultural products in the European Union. The opposite practice is free trade. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Agricultural protectionism is not news, but even by the generous
standards of American farm subsidies, cotton handouts are something
special. Though Bush acquiesced
to steel and agricultural protectionism in order to secure agreement
from Congress, TPA will result in a net gain for free trade if used
boldly. * Reduce agricultural protectionism in high-income countries;
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