Protectionism
in sentence
619 examples of Protectionism in a sentence
The strong will always manage, but the weak will bear the burden of a nostalgic
protectionism
that erodes the benefits of globalization.
Our current engagement in Ukraine is a case in point, as were our efforts to lead a global response to the 2008-2009 financial crisis, namely by collectively resisting the allure of
protectionism.
The alternative to a world in which America guarantees global prosperity and stability within a liberal order is one of increasing conflict, replete with mercantilism, protectionism, and currency wars.
Indeed, the current rush to bilateral trade agreements has been accompanied by a rise in
protectionism.
Trump’s subsequent actions, most notably his trade war with China, recall the disastrous
protectionism
of the 1930s.
But it is not just Trump, with his populist “America First” agenda, who opposes globalization and advocates protectionism, particularly against China.
True, the US is not the worst offender in the world when it comes to farm protectionism; the European Union’s trade distortions are significantly more pervasive.
In the absence of US leadership in matters of international trade, the majority of Latin American countries will not open their economies further to foreign competition, and some may even return to increased
protectionism.
First, US agricultural
protectionism
should be reduced.
Though such creeping
protectionism
has not yet had a significant quantitative impact on trade, its emergence has become a major source of concern amid rising anti-globalization sentiment in the advanced economies.
Wartime introduction of income taxes and large public debt was followed by revolution, protectionism, hyperinflation, and competitive devaluations.
The EU may not have imposed sweeping quotas and tariffs, but powerful “behind the border”
protectionism
has emerged in the form of subsidies, bailouts, “buy national” injunctions, and new restrictions on foreign direct investment.
When the history of this crisis is written, it will be recorded that – in contrast to the Great Depression –
protectionism
first prevailed in finance rather than trade.
The EU must not allow a muddled understanding of digital realities to give rise to profoundly damaging digital
protectionism.
The multilateral foreign-trade deficits of a saving-short US economy set the stage for perhaps the most egregious policy blunder being committed by the Trump administration: a shift toward
protectionism.
And, given the growing likelihood of additional trade barriers – as suggested by the US Commerce Department’s recent recommendations of high tariffs on aluminum and steel – the combination of
protectionism
and ever-widening trade imbalances becomes all the more problematic for a US economy set to become even more dependent on foreign capital.
Recently, the rise in global
protectionism
has made this difficult situation worse, as epitomized by the decision of Foxconn (a major supplier to Apple) to invest $10 billion in a new factory in Wisconsin.
Unfortunately, the long history of trade
protectionism
is that it rarely takes the form of a surgical strike.
The EU might agree with China that a new era of
protectionism
would be harmful.
If
protectionism
takes hold in China’s key overseas markets, the country’s economic prospects – and thus the CCP’s legitimacy – could quickly decline.
Soon after, US President Donald Trump, in his inaugural address, effectively made the opposite pledge: using the word “protect” seven times, he confirmed that his “America first” doctrine means
protectionism.
Reducing US agricultural
protectionism
significantly would be an equally positive measure in drawing the poison out of diplomatic relations.
The rise of
protectionism
and anti-immigrant sentiment in Britain, America, and Europe is widely believed to reflect stagnant incomes, widening inequality, structural unemployment, and even excessive monetary easing.
Racial and gender equality are now backed by clear majorities in the US, Britain, and most European countries, and even apparently popular policies such as trade
protectionism
and strict immigration controls rarely muster more than 30-40% support in opinion surveys.
In that case, the Brexit vote will begin to look like an aberration – not the start of a powerful new trend toward nationalism, protectionism, and de-globalization, but the end of a backlash against modernity by an unstable alliance of social authoritarians and laissez faire market liberals.
Add to that clamorous politicians and growing demands on a national economic pie that decades of
protectionism
prevented from growing.
In Indian culture, the gold possessed by a household’s women has often been seen as a guarantee of the family’s honor; surrendering the nation’s gold to foreigners was a national humiliation that the old
protectionism
could not survive.
According to Tremonti, what Italy needs are a "new European
protectionism"
against unfair competition from developing countries and a rightwing "New Deal" that rejects independent enforcement of antitrust laws in favor of corporatist ideas.
Indeed,
protectionism
undermines them.
Moreover, in view of the difficulty of opting out of international markets, large-scale
protectionism
is unlikely.
Back
Next
Related words
Trade
Global
Economic
Countries
World
Would
Their
Policies
Financial
Which
Political
Growth
Crisis
Policy
Against
There
Should
Rising
Could
Nationalism