![]() In an early instance of its use, speechwriter William Safire in 1985, in defending President Reagan's proposal of the national Strategic Defense Initiative missile defense system, wrote, "Our common denominator is nationalism – both a military and economic patriotism – which inclines us to the side of pervasive national defense." While the coining of the term "economic patriotism" has been attributed to French parliamentarian Bernard Carayon, there is evidence that the phrase has been in use since earlier times to describe nationalist intervention by the state. Įconomic nationalism tends to emphasize industrialization (and often aids industries with state support), due to beliefs that industry has positive spillover effects on the rest of the economy, enhances the self-sufficiency and political autonomy of the country, and is a crucial aspect in building military power. Economic nationalists tend to see international trade as zero-sum, where the goal is to derive relative gains (as opposed to mutual gains). The doctrine of mercantilism is a prominent variant of economic nationalism. To economic nationalists, markets are to be subordinate to the state, and should serve the interests of the state (such as providing national security and accumulating military power). They favor protectionism and advocate for self-sufficiency. ![]() Įconomic nationalists oppose globalization and some question the benefits of unrestricted free trade. ![]() The core belief of economic nationalism is that the economy should serve nationalist goals.
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