nostrification

nostrification (plural nostrifications)

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, section 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.

• nostrificate