For several reasons, the foremost objective of nationalists is industrialization. In the first place, nationalists believe that industry has spillover effects (externalities) throughout the economy and leads to its overall development. Second, they associate the possession of industry with economic self-sufficiency and political autonomy. Third, and most important, industry is prized because it is the basis of military power and central to national security in the modern world. In almost every society, including liberal ones, governments pursue policies favorable to industrial development. As the mercantilist theorist of American economic development, Alexander Hamilton, wrote: "not only the wealth but the independence and security of a country appear to be materially connected to the prosperity of manufactures" (read industry), no contemporary dependency theorist has put it better. ~ Robert Gilpin
Posted on: Sun, 16 Jun 2013 14:21:10 +0000
Recently Viewed Topics
© 2015