ABSTRACT
One of the original demonstrations of economic nationalism has been the building up of selected industries in vital sectors of the economy with the explicit objectives first to curtail imports and then to gain global market share. Aspect of economic nationalism is that of playing the weeping boy to get as much as one can from other peoples assets, under the excuse that one clearly needs them for subsistence. This has been explicit in the case of the Doha Round D. N. Chorafas, Globalizations Limits: Conflicting National Interests in Trade and Finance, Gower, Farnham, 2009 and of covert aspects in trade negotiations that preceded it. Economic nationalism is precisely what many European Union countries demonstrate in negotiating with other EU members, or in opposing takeovers of what they consider their economic and industrial jewels. EU countries practising economic nationalism justify their action partly by their fear of losing jobs for their nationals, partly for security purposes and preserve their industries secrets.
