Some socio-economic aspects of American foreign policy : a study of the role of two polar doctrines - economic nationalism and internationalism
Eilert, John W., 1926-
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Tha economic implications of the foreign policy of the United States are largely determined by two forces; namely, those of economic nationalism and internationalism, which of course, are fundamentally opposed to each other. The term economic nationalism as used is this paper will refer to the pursuing of a doctrine of economic self-sufficiency or isolationism. For purposes of political labeling, this doctrine will be termed protectionist as its historical roots are found in the old eighteenth century British, French and Spanish philosophy of mercantilism.1 It seeks peace through political isolationism, progress and prosperity through national growth and development. Particularly today economic nationalism can be seen in the national security efforts of the United States. The term economic internationalism or "one-worldism" will be referred to as the often expounded, sometimes attempted, but never fully implemented practice of international cooperation, understanding and mutual trust which has many historical roots in early utopian socialism. For purposes of political labeling, this doctrine can be termed free trade because, historically, it has stood for peace, progress and prosperity through mutual exchange of goods, services and ideas. Much of our post-war humanitarian efforts reflect the spirit of internationalism. Today, in every major country these two doctrines exist side by side. At no time can it be said that a nation conducts its internal and external affairs exclusively along one or the other of them, but both influence national and/or international economic, political and social policy. 1. cf., For a comparison of the doctrines of economic nationalism with 18th century British doctrine of mercantilism see Norman Hill, International Relations (New York, Oxford University, 1950), p.251.