Economic nationalists support domestic production over imported goods and services to maintain self-subsistence within a country. They may impose tariffs on imports and exports, buy only domestically produced goods and services, and make exceptions for goods that cannot be produced domestically.
Economic nationalists are people who favor the use of any and all means to maintain at least a partial degree of self-subsistence within a given country. To that end, an economic nationalist generally supports any initiative to make use of domestic production rather than imported goods and services to meet domestic consumption. In many ways, the idea of economic nationalism acts as a balance and opponent to the concept of globalization, in which all nations are seen as economically interdependent.
One of the ways in which an economic nationalist might seek to balance labor and capital formation with a country is to impose various tariffs on imported and exported goods. The idea is to make imported products less attractive to the general population by increasing the purchase price. At the same time, the imposition of rigid tariffs on exported goods can be a means of limiting the amount of goods produced in the country to leave the nation’s borders and be consumed by other countries. Instead, the goods and services remain in the country of origin and are perceived as generating a greater benefit to the country’s citizens.
An economic nationalist might also engage in the practice of buying only domestically produced goods and services. This means that food imported from other countries is not purchased. Instead, local food sources such as farmers markets and local dairy can be utilized instead of supermarket chains which usually import much of their produce and meat products. An economic nationalist can only buy clothes made from fabric produced in the country of origin, in addition to cutting and assembling garments in factories operating within the country. Essentially, if there is some way to source the product domestically, the economic nationalist will choose that option over buying an imported product.
While an economic nationalist’s intention 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 specific goods or services are not or cannot be produced within nation borders. When this is the case, the economic nationalist will still go to great lengths to buy domestic goods at every opportunity, while supporting economic restrictions that make it difficult for imports to compete with domestically produced goods.
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