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Rise of Economic Nationalism in Emerging Economies and the Influence of Elections
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Number 684 Mr. Michio Ueda, President of Geopolitics & Strategy and Visiting Lecturer University of Tokyo, examines "the intersection between economic nationalism and recent elections in Indonesia and India" and finds that "industrial policy is not a significant point of political contention" and elections "serve as an opportunity to gain legitimacy for policies supporting economic nationalism."
for additional titles in theAsia Pacific Bulletin"Indonesia is keen to have its nickel and cobalt resources qualify for electric vehicle subsidies under the IRA [Inflation Reduction Act ]"Economic nationalism is increasing globally, significantly impacting trade and investment in the Indo-Pacific.
While US-China relations are a major driver of this trend, economic nationalism is gaining prominence in emerging economies across the Indo-Pacific, influencing various aspects of business from strategy development to implementation.
While elections present an opportunity to chart a course eschewing economic nationalism, these policies show no signs of reversal and are, in fact, accelerating.
Instead, elections often serve as an opportunity to gain legitimacy for policies supporting economic nationalism..
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'significant'
'supporting'
'elections'
'serve'
'influence'
'policies'
'strategy'
'economic']