Define protectionism. protectionism synonyms, protectionism pronunciation, protectionism translation, English dictionary definition of protectionism. n. The advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tarif
Protectionismdescribes a series of economic policies that can restrain trade between nations. The definition of protectionism in economics is the use oftrade barriersto protect domestic industries from foreign competition. There are several types of restrictive trade barriers used in protectionism including...