Protectionism
in sentence
619 examples of Protectionism in a sentence
In February 1930, the League of Nations convened an international conference in Geneva to address the problem of proliferating
protectionism
that “obstructed the development of large-scale production and impeded European recovery” and was deployed more generally as a “weapon of economic warfare.”
In a welcome contrast with Trump’s ignorant protectionism, the EU has continued to advance free trade, by concluding trade deals with Canada and Japan, and opening negotiations with Australia, Latin America’s Mercosur bloc, and New Zealand.
And US
protectionism
– or even the start of trade wars – is now a real possibility.
This would be similar to the policy mix that precipitated global economic trouble in the mid-1980s, especially if the rising trade deficit gives Trump another reason to pursue protectionism, as the US did then against Japan.
Yes, the IMF ought to develop a voluntary code of conduct for SWF’s, but it should not be used as a weapon to enforce financial
protectionism.
While the prospects for elaborate new trade agreements have suffered, the information revolution has strengthened global supply chains and, unlike in the 1930s (or even the 1980s), there has not been a reversion to
protectionism.
Add to this slow global economic growth and rising geopolitical tensions, and it is easy to conclude that the world is headed down the same path of nationalism and
protectionism
that sparked World War I.
May’s dilemma stems from the fact that the “Leave” coalition, while sharing certain conservative values, comprises two incompatible factions: mostly middle-class, affluent pensioners who want to leave the EU because they think it is too bureaucratic and protectionist; and mostly working-class voters who want to leave because they favor more
protectionism.
In Europe, price maintenance and supranational
protectionism
formed the political basis for European integration in the European Economic Community, which would become the foundation for the European Union.
Agricultural
protectionism
worked well for two reasons.
Putin now favors protectionism, state intervention, and subsidies.
The alternative to a US-led global order is disorder, in which terrorism, nuclear proliferation, and economic
protectionism
are increasingly the norm.
But US fatigue following the conclusion of the North American Free Trade Agreement (NAFTA) with Canada and Mexico, together with rising domestic protectionism, helped to keep TAFTA on the ground.
Finally, in searching for others to blame, America may once again enter an era of protectionism, as it did under Reagan.
By one reckoning, close to a quarter of American imports were covered by some form of trade restrictions at the peak of Reagan
protectionism
(including so called voluntary export restraints).
The good news is that, the world is beginning to see a rule of law in trade--a legal framework that, although not totally fair to developing countries, and in which economic power still counts for a great deal, may circumscribe America's ability to revert to the
protectionism
of the past.
While imperfect, it is far better than the so-called "fair trade" laws that apply to international trade, but are nothing more than blatant
protectionism.
Instead, they tout
protectionism
and unilateralism.
But the emergence of SWF’s is creating a political backlash in the form of “financial protectionism.”
But if they grow too large while their activities remain opaque, widespread “financial protectionism” will become all but inevitable.
Exchange-rate tensions are leading to currency wars, which may eventually lead to trade wars and
protectionism.
Indeed, not only is the Doha round of multilateral free-trade negotiations effectively dead, but there is also a rising risk of financial
protectionism
as countries re-impose capital controls on volatile global financial flows and on foreign direct investment.
But European countries lag badly in services, where restrictive practices, protectionism, and inefficiency hold them back.
Moreover, important developments that occurred between the 1929 stock-market crisis and the 1937 fiscal retrenchment – especially America’s turn to
protectionism
in 1930 and the monetary turmoil of subsequent years – have no analog today.
Indeed, the third danger is that greater state intervention in the economy entails a shift away from globalization, paving the way for various forms of national
protectionism.
Despite US measures against imports of Chinese tires, the level of
protectionism
has been much lower than in the 1930’s and than many observers predicted.
Hard economic times are correlated with protectionism, as each country blames others and protects its domestic jobs.
But
protectionism
will not curb the other forms of globalization.
So, unless governments cooperate to stimulate their economies and resist protectionism, the world may find that the current economic crisis does not mean the end of globalization, but only the end of the good kind, leaving us with the worst of all worlds.
The idea that voters will turn against
protectionism
and populism of their own accord may be no more than cosmopolitan wishful thinking.
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