Definition of siege economy in English:

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siege economy

noun

An economy in which import controls are imposed and the export of capital is curtailed.
Example sentences
  • When strategic bombing was added to blockade as a means of economic warfare, the siege economy gradually collapsed.
  • The country needs help opening up after operating a siege economy for so long.
  • To the extent that they had any alternative policies, they demanded import controls, which would have created a siege economy, provoked retaliation and trade war and led to immense hardship for working people.
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