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Globalization and Economic Nationalism in Asia$
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Anthony P. D'Costa

Print publication date: 2012

Print ISBN-13: 9780199646210

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780199646210.001.0001

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Looking ahead at economic nationalism: concluding remarks

Looking ahead at economic nationalism: concluding remarks

(p.246) 11 Looking ahead at economic nationalism: concluding remarks
Globalization and Economic Nationalism in Asia

Anthony P. D’Costa

Oxford University Press

This concluding chapter reiterates the significance of the role of the state in managing national economies, especially under new pressures and opportunities arising from globalization. The continuity of state activism was captured by modifying the conventional definition of economic nationalism and underscoring it as a dynamic concept and process, which is historically contingent on new social forces. In looking ahead, this chapter critically assesses the common presumption that economic nationalism benefits society. East Asia has certainly benefited but the outcomes are mixed in South Asia and Latin America. Today, India and China are also beneficiaries of the global economy and their respective states have a bearing on such an outcome. However, their market reforms and economic liberalization have also unleashed social disruptions in the form of rising inequality, unemployment, and job-less growth. Future research on economic nationalism under globalization ought to address these acute challenges.

Keywords:   role of state, national economies, globalization, state activism, economic nationalism, East Asia, Latin America, inequality, unemployment, economic liberalization

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