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Nationalism: Unity, Identity And Autonomy

797 Words4 Pages

Nationalism has been the prominent ideology in politics especially since French Revolution, 1789. It is also probably the least understood. Arguments from the nationalism scholars face a problem of coherence when it comes to economic integration. The most usual belief is nationalist are averse to free trade, foreign investment and globalization. This literature review represents a challenging review to the conventional wisdom. Economic cooperation is an important tool to strengthen the economic and national consciousness. A nation is a group of people who feel they form a distinct community bounded by shared culture, history, territory, ancestry and destiny. Nationalism is an ideology seeking to establish or promote unity, identity and autonomy. …show more content…

They desire to preserve or strengthen its unity, identity and autonomy.” Breuilly (1995) states that there are three beliefs that drive nationalist: the nation exists, the interests of the nation may be primary and the nation must be as independent as possible. Economic autarky is an important too for majority nationalists to pursue a high level of independence. Autarky protects majority nationalists’ economy from foreign business cycles, currency fluctuations and decision factors of foreign states and corporations. It holds foreign economies back to put any exercise of potential control by exploiting asymmetrical economic interdependence over the nation. This indeed entails a matter of priority. What is more important for a nationalist? Whether a high level of economic independence or a high level of wealth that is created by economic …show more content…

Such a liberalization of a minority nation from the majority nation or sovereign state is called ‘secession’. There are long-term reflections as well. Higher economic integration increases the viability of new sovereign state. Therefore all separatist regions in the world are prone to promote low trade barriers. Becker (1994) claims that globalization of markets in goods, services and capital helps small economies to survive and

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