The adaptability of economic patriotism in France to the present-day realities of Ukraine: introduction to the issue

Abstract

The policy of economic patriotism is defined by in the article as an economic policy implemented by domestic governments to itigate market failures and purposeful market distortions, in order to assure as effective as possible stimulation of economic growth measured by rates of GDP growth and achieve the optimal fundamentals such as employment, labor productivity growth, inflation, lending to corporate sector and households. We argue, that stimulation of the cumulative demand, both domestic and external, becomes a critical parameter of the policy of economic patriotism, focused on stimulating the purchasing capacity (by implementing the policy of basic guaranteed income, tax reduction, creation of new jobs) and competitiveness of home-made products at external markets. It is concluded that manifestations of economic nationalism of 21 century go far beyond the protection of infant industries (a measure massively used at the industrial phase in developed countries) and include a broader spectrum of legal, normative and other measures intended to regulate market relations. Based on the analysis of the economic policy of France, it is proposed to use the key characteristics of the policy of economic patriotism in the economic policy of Ukraine.