What is economic nationalism, and how does it manifest? 🔊
Economic nationalism is an ideology that prioritizes domestic industries and workforce over foreign influence. This can manifest through protectionist policies such as tariffs, trade barriers, and regulations that favor local businesses. Advocates argue that this approach fosters national self-sufficiency, economic growth, and job creation. However, critics contend it may lead to trade wars, reduced foreign investment, and isolation from global markets. In practice, economic nationalism can be seen in nationalistic rhetoric during political campaigns or in legislation aimed at protecting homegrown industries.


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