Neomercantilism



[nee-oh-mur-kuh n-ti-liz-uh m, -tee-, -tahy-] /ˌni oʊˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ-/

noun
1.
an economic doctrine or policy during the early 20th century that set high tariffs and other import restrictions in order to protect domestic industries.

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