Nostrification

Full definition of nostrification

Noun

1. The process or act of granting recognition to a degree from a foreign university.
2. The expropriation of foreign owned capital to domestic persons.
• 2018, Quinn Slobodian, Globalists, 137:It was such acts of expropriating foreign-owned property—or what was called nostrification in postimperial Central Europe when the property was given to private nationals—that Hayek complained of in The Road to Serfdom.

Related terms

• nostrificate