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Economic Nationalism vs. Globalization
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Mukta, Joshi, P., Kabbar, K., Vats, H., Sharma, S., Kumari, P., & Bhatia, K. (2024). Economic Nationalism vs. Globalization. Global Journal for Aspiring Economists, 1(1), 51–59. Retrieved from https://journal.gaee.org/index.php/gjae/article/view/16

Abstract

From GAEE's Economic Vertical, this series of articles examines the relationship between globalization and economic nationalism, exploring their definitions, historical contexts, and impacts on the global economy.

Mukta introduces the concept of globalization, highlighting its role in fostering interconnectedness among nations while also addressing the backlash of nationalism that has emerged in response to perceived threats to sovereignty and local economies. Priyanshi Joshi explores economic nationalism, defining it as an ideology that prioritizes government intervention to protect domestic industries and promote national interests. The author discusses how this approach contrasts with globalization’s focus on free trade and international cooperation.

The articles further explore the dynamics of globalization, detailing its types—economic, political, and cultural—and their effects on individuals, communities, and institutions. They highlight both the benefits of globalization, such as increased access to markets and innovation, and its drawbacks, including environmental degradation and cultural homogenization.

Kanika Kabbar, Harshita Vats, Suhani Sharma, and Priya Kumari analyze how economic nationalism can coexist with globalization, advocating for a balanced approach that integrates protective policies with global market engagement. They argue that such a dual strategy can enhance economic resilience while ensuring that national interests are safeguarded.

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