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Meaning of neomercantilism

ne•o•mer•can•til•ism

Pronunciation: (nē"ō-mûr'kun-ti-liz"um, -tē-, -tī-), [key]
— n.
  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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.