👉 "Overnationalized" is a term used in the context of international relations to describe a situation where one country or group of countries controls, manages, or influences another country or group of countries. This can happen through various means such as economic, political, or cultural influence. The term was first coined by the late economist and scholar Stanley Fischer in his book "Globalization: A Third World Perspective."
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What is the definition of Overnationalized? 🙋
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What is the definition of Overnationalize? 🙋
👉 Overnationalization is a political strategy used by countries to control and manage their economies. It involves the government taking control of industries and businesses, often through privatizing them or nationalizing them for public benefit. This can include state-owned enterprises, foreign investments, or even private companies that have been bought out by the government. Overnationalization is often seen as a way to reduce corruption within the economy and improve efficiency, but it also raises concerns about job losses and social inequality.
