Which term is often associated with trade policies that prioritize exports?

The term that is often associated with trade policies prioritizing exports is neomercantilism. This economic policy approach emphasizes the importance of exporting goods and accumulating wealth in the form of foreign currency, which is seen as essential for national prosperity and economic power. Neomercantilism suggests that a country's economic strength is largely tied to its trade surplus—where exports exceed imports—thereby generating more income and enhancing national security.

Proponents of neomercantilism typically advocate for government interventions, such as tariffs or subsidies, to promote domestic industries and encourage international competitiveness. This contrasts with the principles of free trade, which advocate for minimal government intervention and aim to enhance global trade flows without restrictions, thereby focusing more on mutual benefits rather than a singular focus on exportation.

While isolationism refers to a policy of keeping a country’s distance from international affairs and trade, and globalization indicates the increasing interdependence and integration of economies through trade, neomercantilism distinctly emphasizes the role of the state in promoting exports as a means of achieving economic strength.