| ID | 161054 |
| Title Proper | Global Resurgence of Economic Nationalism |
| Other Title Information | Geo-economic implications for europe and Greater eurasia |
| Language | ENG |
| Author | Diesen, Glenn |
| Summary / Abstract (Note) | Economic nationalism advocates state intervention in the market to create favorable symmetry in economic interdependence with other powers. All major economies have ascended to greatness with state interventions, and economic liberalism becomes a mere covert economic nationalism by hegemons. Once in control over the levers of the global economy it is in the interest of the hegemon to propagate economic liberalism to integrate other powers into asymmetrical interdependent partnerships. The Trump administration’s embrace of overt economic nationalism indicates the unravelling of the U.S. privileged geo-economic position. Relative decline is evident by a crumbling U.S. manufacturing base and narrowing superiority in innovations, the creation of alternative trade corridors outside U.S. control, and nascent rivals to the Bretton Wood institutions and the U.S. dollar. As geo-economic power shifts from the West to the East and invokes a global resurgence of economic nationalism, opportunities arise for Russia to develop more symmetry in the interdependent global economy. |
| `In' analytical Note | Russia in Global Affairs Vol. 16, No.2; Apr-Jun 2018: p.150-163 |
| Journal Source | Russia in Global Affairs Vol: 16 No 2 |
| Key Words | Global Economy ; Economic Nationalism ; Geo-Economics ; Greater Eurasia ; Asymmetrical Interdependence |