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That's an excessively broad definition. Protectionism of necessity involves protecting some domestic industry. But there are plenty of import restrictions - on both financial products and stuff - that are justified on grounds that have nothing to do with protecting domestic interests.

A blanket ban on GMO crops, for instance, would be protectionism under your definition. But clearly, that conclusion is absurd - a blanket ban on GMO crops is an agricultural and environmental policy; the fact that it is applied to foreign farmers as well as your own country's does not magically turn it into a protectionist measure.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jan 12th, 2009 at 08:40:49 PM EST
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