THE REBIRTH OF ECONOMIC NATIONALISM - FROM NEO-PROTECTIONISM TO THE NEW WORLD GEO-ECONOMY
THE REBIRTH OF ECONOMIC NATIONALISM - FROM NEO-PROTECTIONISM TO THE NEW WORLD GEO-ECONOMY

Summary/Abstract: The current slowdown in international trade, apparently linked only to the pandemic crisis, actually has its roots in the long economic and financial crisis that began in 2007, which has stimulated economic nationalism and the adoption of neoprotectionist policies for more than ten years. Even if the prevailing narrative, also in the academic field, continues to be that of “globalization”, those policies, implemented by large areas and major world powers, have caused a long phase of “de-globalization”, characterized by the renewed use of the modern border to enclose economies. Productive and trading blocs and major powers have tried with the closure to make political and economic spaces (separated by the timid rebirth of globalization at the end of the bipolar period) coincide again. This has had serious consequences for developing regions and “emerging countries”, which have seen their political and economic stagnation worsen, with new dangers for global stability. The contemporary geo-economy is now facing closed and counterbalanced “super-regions”, which are regionalizing and redesigning the overall geo-economic balance of the planet.

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