Question

What is economic nationalism in an easy definition. Is it good or bad? Also what are the pros and cons of it.

Answer 1

Its an idology which controls the domestic economy by putting traffis and other restrictions on the movement of the goods and capitals. in simple we can say it as a protectnist policy. In the era free trade culture, its is difficult to have a protective policy.impsing traffis, restricting the capital or goods will eventually affect the country itself. In a way economic nationalism is a hinder to globalization. economic nationlism stops FDI . market will be put in a box. world will eventaully uffer with depression.