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neomercantilism

[nee-oh-mur-kuh n-ti-liz-uh m, -tee-, -tahy-]
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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.

Origin of neomercantilism

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
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