Globalization and Economic Nationalism in Asia

ISBN : 9780199646210

Anthony P. D'Costa
288 Pages
163 x 241 mm
Pub date
Jul 2012
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This collection documents the different ways in which Asian governments have been pursuing economic nationalism even as they have been integrating with the world economy. The book challenges the popular view that with globalization, either the role of the state becomes redundant or that states are unable to purposefully intervene in the economy. The book argues that since most states pursue national interests, which largely include economic development, they work with national business and often intervene on their behalf to create internationally competitive industries. States are thus viewed as integral to capitalist development, and economic nationalism is neither theoretically nor empirically redundant. Contributors from Asia and elsewhere present wide-ranging arguments and evidence to counter the view that with globalization economic nationalism is passe. Instead, they demonstrate that states in Asia are active in shaping trade, investment, technological, industrial, and financial outcomes. Using interdisciplinary social science approaches that are also historically sensitive, this book critically assesses why and how states in select Asian countries continue to intervene in the economy in both familiar and novel ways. Countries covered include India, China, South Korea, Singapore, Japan, and the East Asian region as a whole. Together they illustrate why these states practice economic nationalism even as they enthusiastically embrace the generalized process of globalization through domestic reforms and liberalization.


1. Capitalism and Economic Nationalism: Asian State Activism in the World Economy
2. Economic Nationalism and Regionalism in Contemporary East Asia
3. Big Business and Economic Nationalism in India
4. From Defensive to Aggressive Strategies: The Evolution of Economic Nationalism in China
5. Globalization, Finance, and Economic Nationalism: The Changing Role of the State in Japan
6. Open Trade, Closed Industry: The Japanese Aerospace Industry in the Evolution of Economic Nationalism and Implications for Globalization
7. South Korea's Globalization in the Late Twentieth Century: An End to Economic Nationalism?
8. Disciplining Globalization for Local Purposes? The Peculiarity of Contending Singaporean Economic Nationalism
9. A New "Brand" of Chinese Economic Nationalism: From China Made to China Managed
10. Chinese Economic Nationalism, Japanese Enterprises, and Localization: The Growing Importance of Social Engagement
11. Looking Ahead at Economic Nationalism: Concluding Remarks

About the author: 

Prior to joining the Copenhagen Business School, Anthony P. D'Costa was with the University of Washington for 18 years. He has written extensively on the political economy of steel, automobile, and IT industries covering themes of globalization, development, innovations, and industrial restructuring. Of his eight books, most recently he co-edited Transformation and Development: The Political Economy of Transition in India and China with Amiya Kumar Bagchi and edited A New India? Critical Reflections in the Long Twentieth Century. He is working on globalization and the international mobility of IT workers. He has been a fellow of the American Institute of Indian Studies, Fulbright-Hays, Korea Foundation, Social Science Research Council, World Institute of Development Economics Research, and the Abe (Japan Foundation).

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