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economic strategy

economic strategy

3 4.0
A plan of actions to manage and improve a country's or company's economy
  • noun
  • /ˌiːkəˈnɑːmɪk ˈstrætədʒi/
translation icon : estrategia económica
  • The government's new economic strategy aims to boost growth and create jobs across the country.
  • U.S. economic strategy
  • economic strategy in Asia
  • alternative economic strategies

Examples

  • Explaining why Park delegated his authority requires a focus on the nature of the economic strategy.

    Academic text (1992)
  • Since the late 1980s, peasants throughout Central America have begun to coordinate political and economic strategy.

    Academic text (1998)
  • Evidence of a similar approach can be found in U.S. economic strategy.

    Academic text (2001)
  • In the following section, I will discuss various important economic strategies and their results.

    Academic text (1992)
  • The United States should take the lead in establishing a new Western economic strategy for Russia.

    Academic text (1993)
  • First, a variety of economic strategies emerged, all of which required an active role for the national government.

    Academic text (1997)
  • In stark contrast to Beijing, Washington has seemed unsure of its economic strategy in Asia.

    Academic text (2008)
  • Indeed, their removal now forms a fundamental plank of the government's economic strategy.

    Academic text (2005)
  • Stated simply, the centerpiece of U.S. economic strategy for the A-P is the maintenance and expansion of open markets.

    Academic text (2001)
  • One of the tools of the new economic strategy was to improve the country's export-import balance.

    Academic text (2005)

Synonyms

strategy
vseconomic strategy
3.7

A plan to reach a goal, often used in business or games

focuses specifically on managing and improving financial performance, not general competition goals
economic policy
vseconomic strategy
49 3.7

A government's plan for taxes, public spending, and job growth

is broader, used for plans in businesses, organizations, and governments

Antonyms

29 5.3

Careless running of an organization or its money

How Broad

economic strategy
3 4.0
policy
2.7
tactic
516 3.0

Surface Forms

Morphology

economic + strategy

The meaning 'a plan to manage or improve economic performance' is directly and transparently derived from combining 'economic' (relating to the economy) with 'strategy' (a plan or approach). This adjective+noun compositional pattern is common in English and across many languages, so a B1 learner who knows both constituents will readily infer the MWE meaning.

Etymology

Economic strategy paints a simple picture: think of economic as 'money and resources' and strategy as a 'game plan' or map of moves. So an economic strategy is a planned set of actions to manage and improve a country’s or business’s money and growth.