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The socioeconomic definition of populism applies the term to what it regards as an irresponsible form of economic policy by which a government engages in a period of massive public spending financed by foreign loans, after which the country falls into hyperinflation and harsh economic adjustments are then imposed. [141]
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. [1] The core belief of economic nationalism is that the economy should serve nationalist goals. [2]
Macroeconomic populism is a term coined by Rudi Dornbusch and Sebastian Edwards in a 1990 paper. [1] The term refers to the policies by many Latin American administrations by which government spending and real wages increase in a non-sustainable way leading to inflation, then stagflation and ultimately an economic collapse that drops real wages to lower than they were before the populist ...
A Dispatch symposium.
The definition of populism is a complex one as due to its mercurial nature; it has been defined by many different scholars with different focuses, including political, economic, social, and discursive features. [4] Populism is often split into two variants in the United States, one with a focus on culture and the other that focuses on economics ...
Economic messaging from both Democrats and Republicans is targeting lower-income voters and sounding unabashedly populist notes as candidates scramble to appeal to a polarized electorate in key ...
The economic and social costs of cronyism are paid by society. Those costs are in the form of reduced business opportunity for the majority of the population, reduced competition in the marketplace, inflated consumer goods prices, decreased economic performance, inefficient business investment cycles, reduced motivation in affected ...
The Movement for the Restoration of Democracy (MRD), Urdu: اتحاد برائے بحالی جمہوریت, was a political alliance in Pakistan founded in 1981 by the political parties opposing the military government of Muhammad Zia-ul-Haq, the sixth president of Pakistan.