What is an Economic Nationalist?

Economic nationalism is an inevitable result of the political independence of each country at the development stage. After a nation completes its historical task of achieving independence, it must further develop its economy in order to truly stand up. Similar to mercantilism, it refers to the establishment of trade barriers on imported goods through the form of government policies and the application of various protectionist policies to protect their domestic industries.

Economic nationalism

Economic nationalism is similar to mercantilistism, which refers to the establishment of trade barriers on imported goods through the form of government policies and the application of various protectionist policies to protect its domestic industries. Such policies are usually in

The starting point of economic nationalism is that nation states in the world

Is economic nationalism non-distributive or

In 2007, an urgent issue for China and the United States and the global economy was that China needed a more flexible exchange rate policy. China is seeking a more market-oriented exchange rate mechanism. In 2006, the RMB had appreciated by 6%, but this rate was not enough to ease China's trade surplus, domestic economic imbalances, and pressure from the foreign exchange market.

At a time when China's inflation risks are on the rise, it is particularly important to increase the flexibility of the yuan. Increasing the flexibility of the yuan will allow China's central bank to use monetary policy to maintain China's financial and price stability. As Premier Wen Jiabao has emphasized, China must take comprehensive measures to control inflation, growing asset bubbles, and an overheated economy.

In Sino-US relations, the issue of the RMB exchange rate has become the focus of more worries about China's competition. As globalization and the closer integration of the economies of various countries, some countries worry that the increasing competitiveness of foreign countries will have an impact on their economies through trade or investment, which also promotes an economic nationalism and protectionist sentiment.