Economic History and Nationalism

Economic Globalization and Expressions of Nationalism:

Economic globalization and growing interdependence have greatly facilitated the flows of trade, investment, and ideas among formerly hostile countries. However, political antagonism driven by nationalistic sentiments continues to break out in countries with increased inflows of foreign investments, such as China. The media identifies that a majority of participants in China's recent anti-foreig...

Globalisation, Openness and Economic Nationalism: Conceptual Issues and Asian Practice

This paper considers the question of economic nationalism through the lens of economic openness. Complete economic openness, which connotes close or total integration of a country 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 to all or some of the following: tr...

History and the sagas: the effect of nationalism

Government Asset Sales, Economic Nationalism, and Acquirer Performance

We investigate acquirer returns using a comprehensive sample of government asset sale announcements in 123 countries around the world in 1984-2009. Overall, we find positive abnormal returns to acquirers of state-owned assets. Returns are greater when the acquirer is domestic, when the sale occurs in a developing nation, and when the acquirer itself is not a former stateowned enterprise. Buyers...

Economic History