Protectionism
in sentence
619 examples of Protectionism in a sentence
Trade experts have long been wary of opening up the WTO regime to questions about labor and environmental standards or human rights, fearing the slippery slope of
protectionism.
This disturbing trajectory, argue the mavens of globalization, reflects the resurgent
protectionism
manifest in popular opposition to the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), and now in Trump’s electoral victory.
China and Europe worked together after 2008 to prevent a global financial meltdown, oppose protectionism, and promote reform of the international financial system, thus facilitating worldwide economic recovery.
Beyond her distrust of Europe, May has little in common with the United States’ new president: she believes in free trade and is suspicious of Russia, while Trump is calling for
protectionism
and wants to forge a special partnership with Putin.
In Trump’s view, part of the solution is trade
protectionism.
In addition to traditional business-cycle concerns, there is a long list of policy tensions threatening to curb growth, including: 1) protectionism; 2) currencies; 3) monetary- and fiscal-stimulus exit strategies; and 4) the explosion of public debt.
Policy mistakes ranging from tax hikes to poor central-bank decisions to a global wave of
protectionism
(most famously America’s Smoot-Hawley tariff) turned a deep recession into the Great Depression.
French President Nicolas Sarkozy and Chinese Premier Wen Jiabao chastise American
protectionism.
Will the bull run of 2017 last, or will the looming specter of protectionism, long-awaited adjustments in monetary policy, and other factors change the economic story?
The historical record is clear: protectionism, isolationism, and “America first” policies are a recipe for economic and military disaster.
Of course, policy failures – for example,
protectionism
– do occur in all of these areas.
Fifth, growth in the rest of the world will likely slow down – more so as other countries will see fit to retaliate against US
protectionism.
And already-fragile emerging markets will continue to feel the pinch from
protectionism
and tightening monetary conditions in the US.
The Trump administration’s tendency toward trade
protectionism
– not to mention financial deregulation – is therefore a source of serious concern.
This implies a slowdown in reforms that increase the private sector’s productivity and economic share, together with a greater economic role for state-owned enterprises (and for state-owned banks in the allocation of credit and savings), as well as resource nationalism, trade protectionism, import-substitution industrialization policies, and imposition of capital controls.
In many countries,
protectionism
nurtures "hot-house industries" that cannot compete in world markets.
The situation has become quite tense, with talk of “currency wars” and a real risk of financial
protectionism.
We must not forget that the multilateral trading system – along with the Bretton Woods institutions – was originally created to avoid a repeat of the
protectionism
and competitive devaluations of the 1930’s that plunged the world into depression.
For starters, digital
protectionism
should be as suspect as any other form of protectionism, albeit with exceptions for health, safety, and social solidarity.
Most importantly, American and European leadership is required to avoid a lurch into
protectionism
and the consequent killing off of the Doha trade round.
Instead, some food security advocates have called for rich countries to compensate for the adverse consequences of their own agricultural subsidies and
protectionism
by providing additional foreign aid to the developing world, targeting production efforts that enhance food security.
It also contributed to
protectionism
at home, reflected in the new US steel tariffs.
But applying this rationale to America’s closest allies turns the national-security claim into a mere fig leaf for traditional
protectionism
for commercial objectives.
Instead, we have seen creeping protectionism, and not only on the trade front.
That is why US President Donald Trump’s embrace of nationalist
protectionism
is so dangerous.
The most common approach is protectionism, which has been part of the political discourse in various countries in recent years.
And we must stand against
protectionism.
Trump’s
protectionism
harks back to an older American tradition.
But what would a feasible form of
protectionism
look like?
The other crucial difference is that we know enough not to repeat the errors – particularly trade
protectionism
– of the 1930’s.
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