Economic nationalists support domestic production over imported goods to maintain self-sufficiency. They may impose tariffs on imports and exports, buy only domestically produced goods, and make exceptions for goods that cannot be produced domestically.
Economic nationalists are people who favor the use of any means to maintain at least a partial degree of self-sufficiency within a given country. To this end, an economic nationalist will generally support any move to use domestic production rather than imported goods and services to satisfy domestic consumption. In many ways, the idea of economic nationalism serves as both a balance and an opponent to the concept of globalization, in which all nations are seen as economically interdependent.
One of the ways an economic nationalist can try to balance labor and capital formation with a country is by imposing various tariffs on both imported and exported goods. The idea is to make imported goods less attractive to the general population by increasing the purchase price. At the same time, imposing hard tariffs on exported goods can be a means of limiting the amount of domestically produced goods that leave the nation’s borders and are consumed by other countries. Instead, the goods and services remain in the country of origin and are perceived as a greater benefit to the citizens of the country.
An economic nationalist may also engage in the practice of buying only domestically produced goods and services. This means that food imported from other countries is not bought. Instead, local food sources such as farmers markets and local dairies can be used instead of supermarket chains which often import much of their produce and meat products. An economic nationalist can only purchase clothes made from fabrics produced in the country of origin, as well as cut and assembled into wearable garments in factories operating in the country. Essentially, if there is a way to get the product domestically, the economic nationalist will choose that option rather than buying an imported product.
While the intent of an economic nationalist is to prevent a nation from becoming overly dependent on any other country for the basic necessities of life, many will make some exceptions. This is especially true when particular goods or services are not or cannot be produced within the borders of the nation. In this case, the economic nationalist will still make great efforts to buy domestic goods at every opportunity, while still supporting the economic restrictions that make it more difficult for imports to compete with domestically produced goods.
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