Question

3. Answer in Brief (30-40 words): 3.1 What is 'Economic Nationalism'?​

Answer 1

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Answer 2

▶ Economic nationalism, also called economic patriotism and economic populism, is an ideology that favors state interventionism over other market mechanisms, with policies such as domestic control of the economy, labor, and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital.The core belief of economic nationalism is that the economy should serve nationalist goals.