Economic nationalism
Definitions
An ideology that favors state intervention in the economy, with policies such as tariffs and import quotas, to protect domestic industries from foreign competition.
A set of economic policies designed to prioritize national interests and self-sufficiency over global free trade and international economic integration.
Examples
The government's shift toward economic nationalism aims to protect domestic industries from foreign competition.
Critics argue that economic nationalism can lead to trade wars and higher prices for consumers.
Synonyms
Protectionism Mercantilism Autarky Economic patriotism Isolationism
Antonyms
Free trade Globalism Economic liberalism Internationalism Open markets