New Pragmatism versus New Nationalism
TIGER Working Paper Series No. 137
7 Pages Posted: 4 Apr 2017
Date Written: April 1, 2017
The confrontation of two views of modern capitalism – neoliberal capitalism, which has caused the world economic crisis, and the state capitalism, in its various forms – has provoked a surge of xenophobia and false patriotism that is more often called “new nationalism”. This is the time for new pragmatism, a heterodox economic approach to the challenges faced by the contemporary world. And such shift from economic mainstream occurs, but it is far from being the new mainstream upon which the economic policy for growth and strategy for social development should rely.
Keywords: New Pragmatism; New Nationalism; Future; Institutions; Globalization
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