Economic nationalism in the context of "Paleoconservatism"

Play Trivia Questions online!

or

Skip to study material about Economic nationalism in the context of "Paleoconservatism"

Ad spacer

⭐ Core Definition: Economic nationalism

Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. The core belief of economic nationalism is that the economy should serve nationalist goals. As a prominent modern ideology, economic nationalism stands in contrast to economic liberalism and economic socialism.

Economic nationalists oppose globalization and some question the benefits of unrestricted free trade. They favor protectionism and advocate for self-sufficiency. To economic nationalists, markets are to be subordinate to the state, and should serve the interests of the state (such as providing national security and accumulating military power). The doctrine of mercantilism is a prominent variant of economic nationalism. Economic nationalists tend to see international trade as zero-sum, where the goal is to derive relative gains (as opposed to mutual gains).

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<

👉 Economic nationalism in the context of Paleoconservatism

Paleoconservatism is a political philosophy and a strain of conservatism in the United States stressing American nationalism, Christian ethics, regionalism, traditionalist conservatism, and non-interventionism. Paleoconservatism's concerns overlap with those of the Old Right that opposed the New Deal in the 1930s and 1940s as well as with paleolibertarianism.

The terms neoconservative and paleoconservative were coined by Paul Gottfried in the 1980s, originally relating to the divide in American conservatism over the Vietnam War. Those supporting the war became known as the neoconservatives (interventionists), as they made a decisive split from traditional conservatism (nationalist isolationism), which then became known as paleoconservatism. Paleoconservatives press for restrictions on immigration, a rollback of multicultural programs and large-scale demographic change, the decentralization of federal policy, the restoration of controls upon free trade, a greater emphasis upon economic nationalism, and non-intervention in the politics of foreign nations.

↓ Explore More Topics
In this Dossier

Economic nationalism in the context of Mercantilism

Mercantilism is a form of economic system and nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. It seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.

The concept aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods. Historically, such policies may have contributed to war and motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time.

↑ Return to Menu

Economic nationalism in the context of Right-wing populism

Right-wing populism, also called national populism and right populism, is a political ideology that combines right-wing politics with populist rhetoric and themes. Its rhetoric employs anti-elitist sentiments, opposition to the Establishment, and speaking to or for the common people. Recurring themes of right-wing populists include neo-nationalism, social conservatism, economic nationalism and fiscal conservatism. Frequently they aim to defend a national culture, identity and economy against perceived attacks by outsiders.

Right-wing populism has associations with authoritarianism, while some far-right populists draw comparisons to fascism. Right-wing populism in the Western world is sometimes associated with ideologies such as anti-environmentalism, anti-globalisation, nativism, and protectionism. In Europe the term is often used to describe groups, politicians and political parties generally known for their opposition to immigration, and for Euroscepticism. Some right-wing populists may support expanding the welfare state, but only for those they deem fit to receive it; this concept has been referred to as "welfare chauvinism". Since the Great Recession, European right-wing populist movements began to grow in popularity, in large part due to increasing opposition to immigration from the Middle East and Africa, rising Euroscepticism and discontent with the economic policies of the European Union.

↑ Return to Menu

Economic nationalism in the context of Friedrich List

Daniel Friedrich List (6 August 1789 – 30 November 1846) was a German entrepreneur, diplomat, economist and political theorist who developed the nationalist theory of political economy in both Europe and the United States. He was a forefather of the German historical school of economics and argued for the Zollverein (a pan-German customs union) from a nationalist standpoint. He advocated raising tariffs on imported goods while supporting free trade of domestic goods and stated the cost of a tariff should be seen as an investment in a nation's future productivity. His theories and writing also influenced the American school of economics.

List was a political liberal who collaborated with Karl von Rotteck and Carl Theodor Welcker on the Rotteck-Welckersches Staatslexikon [de], an encyclopedia of political science that advocated constitutional liberalism and which influenced the Vormärz. At the time in Europe, liberal and nationalist ideas were almost inseparably linked, and political liberalism was not yet attached to what was later considered "economic liberalism." Emmanuel Todd considers List a forerunner to John Maynard Keynes as a theorist of "moderate or regulated capitalism."

↑ Return to Menu

Economic nationalism in the context of José López Portillo

José Guillermo Abel López Portillo y Pacheco (Spanish pronunciation: [xoˈse ˈlopes poɾˈtiʝo]; 16 June 1920 – 17 February 2004) was a Mexican writer, lawyer, and politician affiliated with the Institutional Revolutionary Party (PRI) who served as the 58th president of Mexico from 1976 to 1982. López Portillo was the only official candidate in the 1976 presidential election, being the only president in recent Mexican history to win an election unopposed.

Politically, the López Portillo administration began a process of partial political openness by passing an electoral reform in 1977 [es] which loosened the requisites for the registration of political parties (thus providing dissidents from the left, many of whom had hitherto been engaged in armed conflict against the government, with a path to legally participate in national politics) and allowed for greater representation of opposition parties in the Chamber of Deputies, as well as granting amnesty to many of the guerrilla fighters from the Dirty War. On the economic front, López Portillo was the last of the so-called economic nationalist Mexican presidents. His tenure was marked by heavy investments in the national oil industry after the discovery of new oil reserves, which propelled initial economic growth, but later gave way to a severe debt crisis after the international oil prices fell in the summer of 1981, leading Mexico to declare a sovereign default in 1982. As a result of the crisis, the last months of his administration were plagued by widespread capital flight, leading López Portillo to nationalize the banks three months before leaving office, and by the end of his term Mexico had the highest external debt in the world. His presidency was also marked by widespread government corruption and nepotism.

↑ Return to Menu

Economic nationalism in the context of National champions

National champions are corporations which are technically private businesses but due to governmental policy are ceded a dominant position in a national economy. In this system, these large organizations are expected not only to seek profit but also to "advance the interests of the nation"; the government sets policies which favor these organizations. The policy is practiced by many governments, in some sectors more than others (such as defense), but by giving an unfair advantage against market competition, the policy promotes economic nationalism domestically and global pre-eminence abroad contrary to the free market. The policy also deters or prevents venture capitalism.

As the policy is the collective form of inequality of opportunity, it is irreconcilable with the paradigm of the neo-liberal (or "laissez-faire") economy. It was a major part of the dirigiste policy of 1945–1975 France.

↑ Return to Menu

Economic nationalism in the context of Black nationalism

Black nationalism is a nationalist movement which seeks representation for Black people as a distinct national identity, especially in racialized, colonial and postcolonial societies. Its earliest proponents saw it as a way to advocate for democratic representation in culturally plural societies or to establish self-governing independent nation-states for Black people. Modern Black nationalism often aims for the social, political, and economic empowerment of Black communities within white majority societies, either as an alternative to assimilation or as a way to ensure greater representation and equality within predominantly Eurocentric cultures.

As an ideology, Black nationalism encompasses a diverse range of beliefs which have variously included forms of economic, political and cultural nationalism, or pan-nationalism. It often overlaps with, but is distinguished from, similar concepts and movements such as Pan-Africanism, Ethiopianism, the back-to-Africa movement (also known as Black Zionism), Afrocentrism, and Garveyism. Critics of Black nationalism compare it to white nationalism and white supremacy, and say it promotes racial and ethnic nationalism, separatism and Black supremacy. Most experts distinguish between these movements, saying that while white nationalism ultimately seeks to maintain or deepen inequality between racial and ethnic groups, most forms of Black nationalism instead aim to increase equality in response to pre-existing forms of white dominance.

↑ Return to Menu