Impact of a Global Crisis on Economic Nationalism

Almost recent twenty years, it has seen to have intense impacts on especially less developed/developing countries for all crisis all over the world. In addition to the similar characteristics of each crisis, they structurally bring different items as well. In the last period, crisis is related with instability caused by international capital movements which gain momentum due to liberalization in capital movements. Firstly, financial crisis have occurred as sudden bounces in exchange rate, interest rates and inflation rate on financial markets as a result of leaving country for borrowed short-term funds. The impacts of crisis bounce from financial markets to reel sector and socio-economic indicators and also from country crisis experienced to other countries, and these reach at shocking radical dimensions in terms of international financial system.

In global crisis periods, various examples in countries show that governors of societies and countries move with their nationalist feelings. Moreover, after global crisis, conservatism attitudes, perceptions and reactions against foreign investments make clear that economic nationalism comes to the forefront. So global crisis presents us an image which triggers economic nationalism with country decisions impeding globalization and preventing foreign investments 

Hereby after crisis, perceptions of European countries, Turkey and other similar countries and their reactions against foreign investments are studied on trends in world trade and particularly foreign investments within the framework of measures taken against crisis. Also, the relations between global crisis and economic nationalism are researched and evaluated in this study.