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protectionism |
Also found in: Financial, Encyclopedia, Wikipedia | 0.03 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. |
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| With all this economic anxiety, it seems likely that the 2008 election will feature more economic protectionism, more attacks on immigration, and probably more proposals for aggressive social programs that will have negative effects on economic growth. The convention combines economic protectionism with cultural philistinism--a neat trick. Though he does offer arguments about how and why copyright extension is a form of economic protectionism, they are scattered through the book, buried beneath a broad philosophic argument about the joys of a free and open culture, and sometimes obscured by Lessig's rather detailed exploration of the interrelationship of technology, law, and culture. |
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Economic protectionism
