Definition of siege economy in English:
An economy in which import controls are imposed and the export of capital is curtailed.
- 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.
Definition of siege economy in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia