US Mercantilism Is Not Good For The Trade DeficitRupert Hargreaves
Mercantilism is a relatively out of date economic theory which was popular in the 16th to 18th centuries. Mercantilism is a form of economic nationalism, and theorists believed that the amount of wealth in the world is static and trade is a zero-sum game, where one country’s gain is another country’s loss.
Mercantilists also believed that trade surpluses are a sign of strength while deficits are a sign of weakness and manufacturing output as well as jobs have a special importance in the economy, making them . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.