Državni i nacionalni interes; ekonomska strana
State and national interest; the economic side

Author(s): Vladimir Gligorov
Subject(s): Politics, Law, Constitution, Jurisprudence, National Economy, Constitutional Law, International relations/trade, Nationalism Studies
Published by: CEDET Centar za demokratsku tranziciju
Keywords: nationalism; Lord Acton; mercantilism; populism; oligarchic economic regime; the unsustainability of economic policy
Summary/Abstract: Lord Acton's idea that nationalism is irrational because it pursues unachievable goals is of particular importance to economic nationalism, since it has no means by which it can ensure economic efficiency in international economic relations. In addition to inefficiency in a small country and economy, economic nationalism leads to the formation of an oligarchic economic regime. Traditionally, economic nationalism was mercantilist, striving for a surplus in foreign exchange. In Serbia, he is populist, as a consequence of political instability. As a result, Serbian economic nationalism counts on being financed from abroad. This is unsustainable, viewed in the medium term, so a significant correction in economic policy will be needed: either towards liberalization or towards greater closure.

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