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Globalization and Economic Nationalism in Asia$
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Anthony P. D'Costa

Print publication date: 2012

Print ISBN-13: 9780199646210

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780199646210.001.0001

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Capitalism and economic nationalism: Asian state activism in the world economy

Capitalism and economic nationalism: Asian state activism in the world economy

Chapter:
(p.1) 1 Capitalism and economic nationalism: Asian state activism in the world economy
Source:
Globalization and Economic Nationalism in Asia
Author(s):

Anthony P. D’Costa

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199646210.003.0001

This chapter introduces the rationale for the persistence of economic nationalism in Asia, its forms, how it differs from past practice, and its implications for the functioning of the world economy. It theoretically captures the changes in the world economy from an era of economic nationalism of the orthodox kind, when infant-industry protection was intellectually justified and routinely practiced, to an era of deep international integration. Rather than see states retreating from the economy, the chapter underscores the significance of states in coping with the new opportunities and challenges offered by the world economy. The chapter argues that states are active in promoting national capitalist development and hence cannot be expected to withdraw from intervening from the economy even if the climate for intervention is not receptive. The remaining chapters in the book are introduced.

Keywords:   national capitalist development, international integration, economic nationalism, modes of intervention

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