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The Lure of Economic Nationalism addresses the continued appeal of economic nationalism. It places economic nationalism in both historical and contemporary contexts, from mercantilism and the writings of Friedrich List to Brexit in the United Kingdom and the Trump Administration in the United States. It also considers the alternative to economic nationalism in the form of a rules-based, multilateral trading system and the World Trade Organization. The book argues that going beyond zero-sum outcomes is better suited to address current problems, including rising tides of ethnonationalism in many countries and pandemics. The book is written in an accessible manner and draws deeply from research in economics and political science. It will be of interest to policymakers, economists, political scientists and the informed public.
Kenneth Reinert’s insightful analysis reveals the resurgence of economic nationalism in a post-World War II world that once favored multilateralism. This return, reinforced by the COVID-19 pandemic, risks economic welfare, global health, and international relations, exacerbating ethnic tensions as seen in the current Ukraine crisis.— Nature
Preface; List of Abbreviations; 1. Albert Hirschman’s Forgotten Book; 2. Power and Plenty; 3. Industry and War; 4. Zero-Sum Thinking; 5. Battleground WTO; 6. The Ethnicity Trap; 7. The Brexit Blunder; 8. Pandemic Nationalism; 9. Techno-Nationalism; 10. Beyond Zero Sum; Afterword; Bibliography; Notes; Index