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economic nationalism
[ ek-uh-nom-ik nash-uh-nl-iz-uhm, nash-nuh-liz-, ee-kuh- ]
noun
- a protectionist ideology that prioritizes national self-sufficiency and security, typically advocating tariffs and other legislation to resist foreign investment and ensure that international trade results in a trade surplus and military advantage.
Word History and Origins
Origin of economic nationalism1
Example Sentences
The statement raises questions about whether Trump’s economic nationalism would impede foreign investment in the U.S., and how much he would let politics influence regulatory decisions.
However, candidates also often promote economic nationalism when campaigning.
Former President Donald Trump vowed Wednesday to lead a “revival of economic nationalism” that will protect the auto industry jobs that he said the Biden administration is threatening through its push for electric vehicles.
Unfortunately, U.S. economic nationalism probably precludes this option.
“I am profoundly concerned by the doctrine of manufacturing-centered economic nationalism that is increasingly being put forth as a general principle to guide policy,” Summers said.
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