Global versus National?
Irina Heim
Emergence of Economic Nationalism
It is now a widely accepted opinion that those countries that managed to catch up with developed, high-income countries are the ones whose governments proactively promoted domestic structural change, encouraging the search for new business models and markets and channeling resources into promising new activities. Empirical evidence shows this in early Germany, the United States, Japan, Korea, Taiwan, and even China. None of the countries that strictly followed the Washington Consensus demonstrated comparable success in terms of technological upgrade, economic growth, and poverty reduction (Altenburg 2011).
The recent rise of skepticism toward ...
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