Economic nationalism is a body of policies that emphasize domestic control of the economy, labor, and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital.
In the 1900’s earlier times, however just as applicable today, economic nationalism was extremely pertinent to a developing country that was facing the thrust of Western investment and business operation when dumping practices of goods to developing countries such as China to impede the development of such countries infantile industry and businesses.
In modern times – based on a body of significant research – economic nationalism has taken an increased emphasis between the sovereign territory of a country and its people. A country where its people are prosperous and their livelihood secured, the country is prosperous and secured. A country where its people have extreme inequalities in income, experience major social unrest.
In history, the economic stratification of society into “elites” and “masses” played a central role in the collapse of other advanced civilizations such as the Roman, Han, and Gupta empires.
A nation income inequality is positively related to the country’s rate of schizophrenia[1]
