"Neomercantilism" Pronounce,Meaning And Examples
"Neomercantilism" Natural Recordings by Native Speakers
"Neomercantilism" Meaning
Neomercantilism refers to a modern economic policy that emphasizes state intervention in the economy, similar to the mercantilist economic policies of the 16th to 18th centuries. While classical mercantilism focused on accumulating gold and silver, neomercantilism aims to increase a country's wealth and competitiveness through strategic government intervention, including protectionism, subsidies, and investments in key industries.
"Neomercantilism" Examples
Usage Examples of Neomercantilism
1. Economic Policy
The government has adopted a neomercantilist approach to stimulate economic growth, imposing tariffs on imported goods to protect domestic industries.2. Historical Context
During the 18th century, European nations like France and Britain employed neomercantilist policies to expand their colonies and accumulate wealth.3. Critique
Some economists argue that neomercantilist policies are counterproductive, as they can lead to trade wars and damage global economic stability.4. International Relations
In the 1970s, the United States and Japan engaged in a series of trade disputes, exemplifying the neomercantilist tensions between nations competing for economic supremacy.5. Contemporary Issue
The ongoing trade tensions between the United States and China are often described as a neomercantilist struggle, with each side seeking to protect its own economic interests and gain an advantage in international trade.---
(References: Oxford English Dictionary, Wikipedia, and various economic sources)
"Neomercantilism" Similar Words
Neologization
Neologization refers to the process of creating or introducing new words, phrases, or expressions into a language, often as a result of cultural, technological, or social change. This can include the coining of new words to describe modern concepts, technologies, or experiences, as well as the adaptation of foreign words or phrases into a language. Neologization can be a natural process in language evolution, as languages constantly adapt to new situations, ideas, and influences.
Neologize
The verb "neologize" means to create or introduce new words, phrases, or expressions into a language. It can also refer to the process of coining new words, often to describe modern concepts or ideas that did not exist previously.
Neologized
Neologized refers to something that has been newly created or introduced, especially in language. It can describe a new word, phrase, or usage that has recently emerged or been popularized.
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Neomorph
In science fiction, a neomorph is a type of alien creature that is genetically engineered or altered through biological experimentation, resulting in a new and uniquely adapted life form. The term "neomorph" refers to the idea of creating a new or altered life form, often with new characteristics or abilities.
Neomycin
Neomycin is a type of antibiotic that is commonly used to treat infections caused by bacteria and other microorganisms. It is typically applied topically to the skin or ears, or taken orally in a liquid or pill form. Neomycin is effective against a wide range of bacteria, including E. coli, Staphylococcus aureus, and Haemophilus influenzae. It is often used to treat skin infections, ear infections, and eye infections.
Neon
Neonatal
Neonatally
Neonatally refers to the first 28 days of a newborn baby's life, from birth to the end of the fourth week. It is a stage of extreme vulnerability and required specialized care. The term is often used in medical contexts to describe conditions, diseases, or treatments that affect newborns during this period.
Neonatant
Neonate