Pakistan, Aug. 7 -- In an increasingly fragmented world, the rise of hypernationalism is reshaping not only domestic politics but also the global economic order. As countries retreat inward, prioritising national identity over multilateral cooperation, economists warn that the economic consequences are already manifesting in slower growth, trade inefficiencies, declining innovation, and institutional erosion.

From Washington to New Delhi, Beijing to Budapest, hypernationalist policies-rooted in aggressive protectionism, anti-globalist rhetoric, and identity-first governance-are challenging decades of globalisation. According to economists and policy analysts, this ideological shift is proving economically costly. Hypernationalism, a radi...