The PoliEcon Insight

  The debate between economic nationalism and globalization is a significant aspect of contemporary political and economic discourse. Both concepts represent opposing ideologies regarding how economies should be structured and operated, especially in the context of a rapidly changing global landscape. Below is a detailed exploration of both economic nationalism and globalization, their implications, and the modern debate surrounding them. Economic Nationalism Definition: Economic nationalism prioritizes the interests of a particular nation-state over global economic integration. It advocates for policies that protect domestic industries, promote self-sufficiency, and restrict foreign influence. Key Features of Economic Nationalism: 1. Protectionism: Economic nationalists often support tariffs, quotas, and trade barriers to protect local industries from foreign competition. This can include imposing duties on imports or implementing regulations that favor domestic products. 2. Local...