economic nationalism
noun
plural economic nationalisms
: a protectionist ideology or policy that aims to foster and shape a national economy by promoting domestic industries and by shielding domestic producers from foreign competition
Economic nationalism frames the economy primarily in terms of the nation, much like political nationalism does with the polity. The economy exists primarily to serve the nation … .—Dani Rodrik
On one level, economic nationalism is associated with protectionism. Policies like tariffs, subsidies and import-quotas seek to protect companies and industries in a given nation from foreign competition. In other instances, economic nationalists have argued that emerging domestic industries require protection from foreign competition until they have become sufficiently stable.—Samuel Gregg
The Great Depression of the 1930s had exacerbated economic nationalism and spurred protectionism. Given the problems of post-war reconstruction, many nations in Western Europe were not yet prepared to accept freer trade and expose themselves to American competition.—T. E. Vedney
economic nationalist
noun
plural economic nationalists
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Merriam-Webster unabridged
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