Question

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

Answer 1

Answer:

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.[1] The core belief of economic nationalism is that the economy should serve nationalist goals.[2]

Explanation:

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Answer 2

QUES: What is meant by economic nationalization?

ANS:- economic nationalism. noun [ U ] ECONOMICS, POLITICS. a situation in which a country tries to protect its own economy by reducing the number of imports and investments from other countries: The US was seen as the main opponent of protectionism and economic nationalism.

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