Economic Nationalism Law and Legal Definition
Economic nationalism refers to the economic policy used by a nation for protecting the domestic market or opening up foreign markets through unilateral or bilateral governmental action. Economic nationalism is characterized by extensive governmental control of trade and the subjection of economic matters to overriding considerations of political and military policy. Tariffs, quota restrictions, currency depreciation, and export subsidies are some of the techniques used by states pursuing policies of economic nationalism. Economic nationalism may include such doctrines as protectionism and import substitution.
Legal Definition list
Related Legal Terms
- Acute Economic Need
- Bureau of Economic Analysis
- Bureau of Economic, Energy, and Business Affairs [EEB] [Department of State]
- Centre of Predominant Economic Interest
- Community and Economic Development Entity (CEDE)
- Consequential Economic Loss
- Constitutional economics
- Council of Economic Advisers [CEA]
- Crop of Economic Significance
- Direct Economic Loss
