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neomercantilism

[nee-oh-mur-kuh n-ti-liz-uh m, -tee-, -tahy-]
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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Origin of neomercantilism

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