The New Economic Nationalism
Monica de Bolle (PIIE), Jérémie Cohen-Setton (former PIIE) and Madi Sarsenbayev (former PIIE)
Book Description
Empires, city states, and nations have long pursued aggressive trade, tax, and investment policies to amass wealth. A new consensus emerged after the Great Depression and World War II supporting liberalized international trade, economic cooperation, and free markets. Today that consensus has shattered, replaced by a “new economic nationalism” of industrial policy, tariffs, and various methods of state support for the economy. Can this new approach deliver stability, national security, and prosperity? This book examines case studies revealing a decidedly mixed record. In some instances, economic nationalist policies have fostered growth and declining unemployment, though accompanied by fiscal costs and inefficiency. In much of the developing world, however, economic nationalist policies have produced corruption, debt burdens, inflation, and ultimately stagnation. By examining the past, The New Economic Nationalism provides a roadmap to navigate an uncertain future.
Contents
Preface
Acknowledgments
1 Introduction
Part I Origin and Definition
2 Defining and Measuring Economic Nationalism
3 Economic Policies of Fascist Italy and Pre-War Nazi Germany
Part II Developmental Nationalism after World War II
4 State-Led Reconstruction in France and Spain
5 "Developmental Economic Nationalism" in Postwar Japan
6 Accelerated Industrialization Strategies in Taiwan and South Korea
7 Import Substitution Industrialization in Latin America
Part III The Return of Economic Nationalism in the 21st Century
8 From Import Substitution Industrialization to New Developmentalism in Latin America: The Cases of Brazil and Argentina
9 China in the Era of Xi Jinping
10 India in the Era of Narendra Modi
11 Illiberalism in the European Union: Hungary under Viktor Orbán
Epilogue
References
Index