Nationalism:- Nationalism is a form of patriotism, under which a person has strong,excess or nondiscriminatory devotion towards a cultural or ethnic group of people, from same State. The feeling of Independence of state and nation First.
Globalization:- The indiscriminately or unrestricted transfer of capital,finance, economy or goods and services across the borders of sovereign Nations.
When the capitalist economies emerged after Industrial Revolution, Globalization was given Impetus and Governments were encouraged to reduce its Interference in Market.This helped in neo-Imperialism and Capitalist Concurred majority of Market. But Now In 21st Century, Those Capitalist economies keeping aside, Globalize or open agenda have welcomed the protective approach under the name of Immigration and Nationalism (i.e. Nation First).
Now the word has been bifurcated into Two parts , countries with different agenda depending on their approach i.e. Nationalism or Globalization. Emerging economies like India, China, South-East Asian countries are emphasizing on globalization and still wants, the world to be open place for trade, commerce and development. On the other hand Protectionism or Nationalism has taken root in countries such as USA and some European countries, which may have disastrous effect on World Economy. Bcoz Due to crises in this world, The growth rate of all countries have decreased, And there needs, Giant economies to Hold global Economy. Without the help of USA and Europe Developing or under developed economies cannot survive.
Reasons for protective approach by Developed Economies are
1)Economic anxiety
Globalization:- The indiscriminately or unrestricted transfer of capital,finance, economy or goods and services across the borders of sovereign Nations.
When the capitalist economies emerged after Industrial Revolution, Globalization was given Impetus and Governments were encouraged to reduce its Interference in Market.This helped in neo-Imperialism and Capitalist Concurred majority of Market. But Now In 21st Century, Those Capitalist economies keeping aside, Globalize or open agenda have welcomed the protective approach under the name of Immigration and Nationalism (i.e. Nation First).
Now the word has been bifurcated into Two parts , countries with different agenda depending on their approach i.e. Nationalism or Globalization. Emerging economies like India, China, South-East Asian countries are emphasizing on globalization and still wants, the world to be open place for trade, commerce and development. On the other hand Protectionism or Nationalism has taken root in countries such as USA and some European countries, which may have disastrous effect on World Economy. Bcoz Due to crises in this world, The growth rate of all countries have decreased, And there needs, Giant economies to Hold global Economy. Without the help of USA and Europe Developing or under developed economies cannot survive.
Reasons for protective approach by Developed Economies are
1)Economic anxiety
Worries about health care, paying bills and job losses, by race.
2)Racial resentment
Disagree that blacks should get special treatment and are disadvantaged by the legacy of slavery
3)Anxiety about blacks’ influence
Believe government and police treat blacks better; feel they have too much influence in politics.
4)Pro-immigrant
attitudes
Support immigration and not concerned about its effect on jobs, culture, crime.
