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Research
Oct 15, 2025

The Economics of Control: Trump’s Golden Share and The Macroeconomics of Pseudo-Nationalism

Marina Trovar

by Marina Tovar I Velasco

In this paper, we discuss:

  • Trump’s motivations behind the use of the ‘Golden Share’;
  • The specific Nippon-US Steel case; 
  • Why Golden Shares are used? and
  • US pseudo-nationalism vs strategic oversight;

Download PDF: Economics of Control October 2025

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