economic nationalism

Definitions

An ideology that favors state interventionism in the economy, with policies such as domestic control of the economy, labor, and capital formation.

A set of practices that prioritize domestic production and consumption while restricting imports through tariffs, quotas, or other trade barriers to protect national interests.

Examples

The government's shift toward economic nationalism has led to the implementation of stricter tariffs on imported goods.

Many political analysts argue that the rise of economic nationalism is a direct response to the perceived failures of globalized trade policies.

Synonyms

Protectionism Mercantilism Autarky Economic patriotism Isolationism Trade nationalism Domestic preference

Antonyms

Globalism Free trade Internationalism Economic liberalism Globalization Open markets Multilateralism