Neomercantilism (noun)
nee-o-mur-can-til-izm
an economic doctrine or policy during the early 20th century that set high tariffs and other import restrictions in order to protect domestic industries.
neo- + mercantilism
Example sentences
“The neomercantilism policy had been short sighted and was harmful to the economy.”
Word of the Day - Semiquincentennial (noun) se-mee-kwin-sen-tee-nee-al
