In economics,
protectionism is the
economic policy of restraining
trade between states (countries) through methods such as
tariffs on imported goods, restrictive
quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between
imports and goods and services produced domestically. According to their proponents, protectionist policies protect the businesses and workers within a country by restricting or regulating trade with foreign nations. In recent years, protectionism has manifested itself through popular
anti-globalization and
anti-immigration movements.