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neomercantilism

[nee-oh-mur-kuh n-ti-liz-uh m, -tee-, -tahy-] /ˌni oʊˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ-/
noun
1.
an economic doctrine or policy during the early 20th century that set high tariffs and other import restrictions in order to protect domestic industries.
Origin
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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