Protectionism
in sentence
619 examples of Protectionism in a sentence
Rather than reinventing itself, Europe, under the pressure of the crisis and its own internal contradictions, threatens to revert to the national egoism and
protectionism
of the past.
Should this continue, perhaps bringing a de facto end to the Maastricht criteria and rising national
protectionism
in the form of industrial subsidies, the euro will be seriously jeopardized.
But, instead of breathing life into free trade in food, rural
protectionism
in rich countries seems to have killed the Doha Round – and, with it, potentially the whole multilateral trading regime.
In 2000, the World Bank estimated that OECD agricultural
protectionism
cost the developing world $20 billion in welfare losses annually.
Japan has long been the paragon of rich-country agricultural
protectionism.
Farmers are well organized politically, and the Ministry of Agriculture, Forestry, and Fisheries (MAFF) has been a fierce defender of agricultural
protectionism.
Hostility to immigration and economic protectionism, already visible, can be projected to increase.
In the immediate aftermath of the 2008 financial crisis, the G-20 seemed to help governments to coordinate their actions and avoid rampant
protectionism.
And if such actors disrupt the flow of oil from the Persian Gulf, home to two-thirds of the world’s reserves, a global depression like that of the 1930’s could strengthen
protectionism
further.
New growth patterns and policies could take many directions, including the rejection of multilateralism, in favor of bilateralism or protectionism; immigration-policy shifts; expanded public investment and fiscal stimulus; regulatory changes; tax reform; or supply-side measures in education, training, and health care.
In the next few months, we will learn more about whether the recent uptick in economic optimism is robust; whether Trump’s efforts to fight offshoring and boost growth and employment have a long-term impact; and whether
protectionism
prevails.
As if all this were not enough, as the Davos meeting opened, America’s House of Representatives passed a bill requiring American steel to be used in stimulus spending, despite the G-20’s call to avoid
protectionism
in response to the crisis.
With American-style capitalism and America’s financial markets in disrepute, will America now lead the world into a new era of protectionism, as it did once before, during the Great Depression?
Crisis-weary Europe and America face a rising tide of
protectionism
at home, and are trying to find ways to blunt the edge of China’s non-transparent trade competitiveness.
It is ironic that China, which has quietly waged a trade war for years, has responded to Trump’s threats to impose punitive tariffs by warning – notably, at this year’s World Economic Forum Annual Meeting in Davos – of the risks of
protectionism
and trade wars.
But the Trump administration’s penchant for antagonism, protectionism, and short-termism makes matters much worse.
Instead of a world deadlocked over currencies and trade and retreating into the illusory shelter of protectionism, we could see $3 trillion of growth converted into 25 million to 30 million new jobs, and 40 million or more people freed from poverty.
One promise on which Trump must not follow through is to advance trade
protectionism.
For decades, due to rampant protectionism, the ratio of Brazil's exports to GNP was one of the lowest in the world.
Isolationism and protectionism, if taken too far, would break the trade-based economic engine that has delivered peace and prosperity to the world for decades.
If not,
protectionism
and trade wars will intensify, and we will come one step closer to reliving the nightmare of the 1930’s.
While the US remains the region’s leading trade partner, its rising
protectionism
is allowing China to leverage its economic clout to expand its presence and influence.
Trump seems oblivious to the fact that his
protectionism
has only made China’s work easier.
Economists may warn that the combination of Trump’s protectionism, big tax cuts, and uncontrolled government borrowing, coming at a time when the US economy is already near full employment, will ultimately fuel inflationary pressure.
The fact that bond investors seem unworried about inflation or overheating does not mean that Trump’s
protectionism
and fiscal profligacy are harmless.
The most immediate and most obvious is that it is difficult to hold out long against the US, especially when the American government is under pressure from major domestic interest groups whose strong lobbying power might be used to lead a push for new trade
protectionism.
On the contrary, we need the private sector to regain its sense of enterprise, innovation and vigour; we need to be careful of regulating so as to squeeze the availability of credit; and we should certainly avoid
protectionism.
It is often pointed out that, in the face of US President Donald Trump’s blinkered protectionism, the European Union has an opportunity to assume a larger international leadership role, while strengthening its own position in global trade.
More often it is the politics of
protectionism
that are the crucial factor behind trade defenses.
Antidumping facilitates
protectionism
of the worst kind, while doing nothing for countries that need legitimate policy space.
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