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Globalization, Openness and Economic Nationalism: Analytical and Conceptual Issues A Foreword to Globalization and Economic Nationalism in Asia

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  • Singh, Ajit

Abstract

This book to which the present paper provides a foreword, investigates the interactions between globalization and economic nationalism in Asian countries. In this foreword, for South Asian countries the question of economic nationalism is considered through the lens of economic openness. Full globalisation, which connotes close or total integration of countries’ economies with that of the world economy, is the antonym of economic nationalism. The paper argues that economic openness is a multi-dimensional concept. A country can be open or not so open, in all or some of the following directions: trade, exports, imports, finance, science, culture, education, migration, foreign investment, investment by its citizens and companies abroad, among other things. There is no economic theory that suggests that a country has to be open in all dimensions simultaneously. Given its economic and geographical situation, a country may choose to be open in some areas and not at all, or only partially in others. The foreword examines the analytical question: what is the optimum degree of openness for an economy?

Suggested Citation

  • Singh, Ajit, 2011. "Globalization, Openness and Economic Nationalism: Analytical and Conceptual Issues A Foreword to Globalization and Economic Nationalism in Asia," MPRA Paper 53039, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53039
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    References listed on IDEAS

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    1. Glyn, Andrew & Hughes, Alan & Lipietz, Alan & Sigh, Ajit, "undated". "The Rise and Fall of the Golden Age," WIDER Working Papers 295573, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    2. Ajit Singh, 1998. "Financial liberalisation, stockmarkets and economic development," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 8(1), pages 165-182.
    3. Eatwell, John & Taylor, Lance (ed.), 2002. "International Capital Markets: Systems in Transition," OUP Catalogue, Oxford University Press, number 9780195154986.
    4. Cripps, F. & Izurieta, A. & Singh, A., 2011. "Global Imbalances, Under-Consumption and Over-Borrowing: The State of the World Economy and Future Policies," Working Papers wp419, Centre for Business Research, University of Cambridge.
    5. Singh, Ajit, 1995. "Institutional requirements for full employment in advanced economies," MPRA Paper 54990, University Library of Munich, Germany.
    6. Alex Izurieta & Ajit Singh, 2010. "Does Fast Growth in India and China Help or Harm US Workers?," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 11(1), pages 115-141.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic nationalism; globalisation; Asian countries; multi-dimensional interactions;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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