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neomercantilism

[ nee-oh-mur-kuhn-ti-liz-uhm, -tee-, -tahy- ]
/ ˌni oʊˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ- /
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noun
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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Origin of neomercantilism

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022
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