Encyclopedia of Early Modern History Online

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(1,630 words)

1. Definition

Protectionism means government interventions in foreign trade (Trade, external) that serve to protect domestic producers from foreign competition. Customs duties are the most familiar instrument of protectionism. They may be imposed either as specific tariffs, ad valorem tariffs, or a combination of the two. While specific tariffs are collected as a fixed levy per unit of merchandise, ad valorem tariffs depend on monetary value (Value, monetary) and ar…

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Torp, Cornelius, “Protectionism”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 03 June 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_025993>
First published online: 2015
First print edition: 20210107

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