Shaping Nations and Markets: Identity Capital, Trade, and the Populist Rage

A comparison of the domestic politics and trade policy of Brazil, India, and the USA examines nationalist-populism's impact on economic policies and advances constructivist theory.

Format: Hardback
Length: 314 pages
Publication date: 15 September 2023
Publisher: Taylor & Francis Ltd

Here is the rephrased text:

In a groundbreaking and timely analysis, this study compares the domestic politics and trade policies of three large, socially diverse countries: Brazil, India, and the United States. By delving into the intricate interplay between nationalism, populism, and economic policies, this research offers valuable insights into the complex dynamics shaping these nations' political and economic landscapes.

The study begins by examining the historical roots and ideological foundations of nationalism and populism in each country. It explores how these ideologies have influenced the political discourse, policymaking processes, and public attitudes toward trade and globalization. The authors analyze the specific policies implemented by these countries in areas such as trade agreements, tariffs, and subsidies, and assess their impact on economic growth, employment, and inequality.

One of the key findings of the study is the emergence of nationalist-populism as a dominant political ideology in many parts of the world. The authors argue that this ideology has influenced the trade policies of countries by promoting protectionist measures, reducing openness to international trade, and prioritizing the interests of domestic industries and workers over global competitiveness. The study also highlights the challenges posed by nationalist-populism to the global economy, including the potential for trade wars, economic instability, and reduced economic growth.

To address these challenges, the study proposes several policy recommendations. It advocates for a more balanced approach to trade policy that considers the interests of all stakeholders, including producers, consumers, and workers. It suggests that countries should prioritize the development of domestic industries and skills, while also engaging in open and constructive dialogue with their trading partners to promote sustainable and mutually beneficial trade relations.

Furthermore, the study emphasizes the importance of promoting economic integration and cooperation among countries to address the global challenges posed by nationalism-populism. It suggests that regional trade agreements, such as the Trans-Pacific Partnership (TPP) and the European Union (EU), can play a crucial role in promoting economic growth, reducing trade barriers, and fostering social and economic development.

In conclusion, this study makes a significant contribution to our understanding of nationalist-populism and its global impact on economic policies. By combining qualitative and quantitative data and measures, the authors provide a comprehensive analysis of the domestic politics and trade policies of Brazil, India, and the United States. The study's findings and recommendations offer valuable insights for policymakers, scholars, and stakeholders interested in promoting sustainable and inclusive economic growth in a rapidly changing global landscape.

Weight: 770g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032386195