What is economic nationalism and how does it influence policy? 🔊
Economic nationalism emphasizes the protection of a country's economic interests through policies that prioritize domestic over foreign entities. It often influences trade, investment, and labor laws, advocating for measures such as tariffs and subsidies to support local industries. This ideology can shift government priorities, focusing on job creation and maintaining economic independence. Economic nationalism may lead to tensions in international relations, as policies aimed at protecting national interests can result in trade wars or protectionist measures that stir global backlash.
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