The Surge of Economic Nationalism in Western Europe

  title={The Surge of Economic Nationalism in Western Europe},
  author={Italo Colantone and Piero Stanig},
  journal={Journal of Economic Perspectives},
We document the surge of economic nationalist and radical-right parties in western Europe between the early 1990s and 2016. We discuss how economic shocks contribute to explaining this political shift, looking in turn at theory and evidence on the political effects of globalization, technological change, the financial and sovereign debt crises of 2008–2009 and 2011–2013, and immigration. The main message that emerges is that failures in addressing the distributional consequences of economic… 
Trade shocks and the nationalist backlash in political attitudes: panel data evidence from Great Britain
Is opposition to globalization rooted in economic transformations caused by international trade? To contribute to the ongoing debate on this question, we propose a “nationalist backlash” thesis and
Populism, Political Risk and the Economy: Lessons from Italy
We study the effects on financial markets and real economic activity of changes in risk related to political events and policy announcements in Italy during the 2013-2019 period that saw the rise to
The article analyzes the socio-practical potential of economic nationalism as a principal basis of economic strategies for modern developing countries. Based on a systematic analysis of the
Understanding the Origins of Populist Political Parties and the Role of External Shocks
We use electoral survey data to examine the impact that two large external shocks had on the development of New Zealand First (NZF), one of the oldest populist parties in the OECD. We find that
The Backlash of Globalization
We review the literature on the globalization backlash, seen as the political shift of voters and parties in a protectionist and isolationist direction, with substantive implications on governments’
Has immigration contributed to the rise of right-wing extremist parties in Europe?
Alongside a range of already well documented factors such as deindustrialization, technological progress and international trade, a series of recent empirical econometric studies show that
International Cooperation in the Age of Populism
  • J. Frieden
  • Economics
    Economic Globalization and Governance
  • 2020
For much of the post-World War Two period, the world seemed on a path of ever-greater collaboration among the principal economic centers. In the past decade, economic and political trends have called
There seems to be general agreement that “populism” has been on the rise over the past decade, and that it has implications for election outcomes and economic policies. Against this background, SUERF
Politicizing International Cooperation: The Mass Public, Political Entrepreneurs, and Political Opportunity Structures
Abstract International institutions are increasingly being challenged by domestic opposition and nationalist political forces. Yet, levels of politicization differ significantly across countries
Austerity and Populism in Europe
This paper seeks to empirically show the importance of austerity policies in driving populist voting patterns in Europe. Extending the empirical research of Guiso et al. (2017) into the economic