Pragmatic Nationalism Traces Its Roots to Marxist Political and Economic
Pragmatic nationalism traces its roots to Marxist political and economic theory.
Countries adopting a pragmatic stance pursue policies designed to maximize the national benefits and minimize the national costs.
An aspect of pragmatic nationalism is the tendency to aggressively court FDI believed to be in the national interest by,for example,offering subsidies to foreign MNEs in the form of tax breaks or grants.
Foreign direct investment can make a positive contribution to a host economy by supplying capital,technology,and management resources that would otherwise not be available and thus boost that country's economic growth rate.