Protectionism is associated with economic policies and decisions, so it's frequently discussed in business and trade contexts. Protectionism can lead to higher prices for consumers as imports become more expensive.
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Government Role
This term often appears when talking about government measures or strategies aimed at regulating trade. The new government promised to reduce protectionism to attract more foreign investments.
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International Relations
Protectionism can impact how countries interact and negotiate trade agreements with one another. Some countries voiced concerns over the rising protectionism.