Economic patriotism

Definitions

An ideology that advocates for the prioritization of domestic industries and national economic interests over globalized trade and foreign investment.

A policy approach characterized by protectionist measures intended to safeguard a nation's economy and jobs from international competition.

Examples

The government's new policy is rooted in economic patriotism, aiming to prioritize domestic manufacturers over foreign competitors.

Critics argue that while economic patriotism can protect local jobs, it may also lead to trade tensions and higher prices for consumers.

Synonyms

Economic nationalism Protectionism Mercantilism Domestic industrial preference Buy local policy

Antonyms

Economic globalism Free trade Internationalism Global market integration Laissez-faire economics