Economic nationalism: prerequisites of its emergence and impact on the modern world

• Published in: Теоретическая и прикладная экономика no. 3; pp. 62 - 77
• Main Author: Kovalev, Andrei Andreevich
• Format: Journal Article
• Language: English
• Published: 01.03.2020
• ISSN: 2409-8647; 2409-8647
• DOI: 10.25136/2409-8647.2020.3.30249

The goal of this research is the analysis of such phenomenon as economic nationalism. A detailed comparison is conducted between economic nationalism and other forms of government policy commonly used by the states for achieving their goals. Emphasis is made on prerequisites for the emergence of this trend in politics, among which the author determines political, cultural, economic and social. The article examines the basis of economic nationalism at different times and for countries with different government structures. The impact of economic nationalism on global world community at different stages of economic and political development is demonstrated. The conclusion is formulated on the meaning of economic nationalism for the global community based on the obtained results. At the time its emergence, this structure contributed to strengthening of the local economy. In the modern era of militarism and globalization, the economic nationalism, if not being controlled, is dangerous and deprives others of the right to financial wealth, aims to minimize wealth of the nation at the cost of other counties, and incites the application of force for achieving national goals.