mercantilism

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mercantilism

a set of economic ideas and policies that became established in England during the 17th century, accompanying the rise of commercial capitalism. The mercantilists stressed the importance of trade and commerce as the source of the nation's wealth, and advocated policies to increase a nation's wealth and power by encouraging exports and discouraging imports in order to allow the country to amass quantities of GOLD. These protectionist ideas (see PROTECTIONISM) were criticized by later classical economists like Adam SMITH.

References in periodicals archive ?

On the issue of time, Smith suggests and then drops the proposition that the introduction of clock time was part of mercantilist capitalism which preceded industrialism in significant ways.

Mastered by the clock: time, slavery and freedom in the American South

During the mercantilist period (1500 - 1800), the gap between the two evolutions widened.

Trans-Saharan exchange and the black slave trade

With trade came political involvement, for this was a mercantilist world.

American identity and neutral rights from independence to the War of 1812

The Mercantilist is someone who has no problems at all with the term `competitiveness'.

Making sense of the competitiveness debate

In lucid and careful terms he shows how Smith's compelling arguments in favor of free trade overthrew mercantilist views that domestic industries should be protected from import competition.

What We Are Reading Today: Against the Tide by Douglas A. Irwin

While few dispute that China's mercantilist trade policies need to change, the trade spat has started to bite in the US, where a Chinese shift to non-US suppliers of soybeans and other key import goods has left US farmers without buyers.

Exporters turn towards China

While Mahathir's warnings in Beijing against 'a new version of colonialism' stood out for their boldness, they reflect a broader pushback against China's mercantilist trade, investment, and lending practices.

The China backlash

Le Gendre.When the eager mercantilist minister asked how the French state could be of service to the merchants and help promote their commerce, Le Gendre simply replied "laissez-nous faire" ("leave it to us" or "let us do [it]".

Fair trade with China requires laws on partnership

He also noted that the state continues to become more mercantilist in its trade and economic policy, ignoring international norms and encouraging the spread of authoritarian politics around the world.

CECC human rights report: China expands control over its citizens

The global political regime is in an upheaval with an apparent rise of the alt-right and nations wanting to move back to Mercantilist policies (starting from the United States itself), but what is even more important is this online global movement which is altering the layout of the society altogether.

A new world order

While Mahathir's warnings in Beijing against "a new version of colonialism" stood out for their boldness, they reflect a broader pushback against China's mercantilist trade, investment, and lending practices.

The China backlash, the world's second-largest economy

Mbembe argues that from the time of the western expansion of the Atlantic slave trade in the fifteenth century to the second half of the twentieth century, the mercantilist labor and extractive requirements of Europe's plantation economies and the global colonization and apartheid that followed created and then nurtured the concept of race within the context of mercantilist labor and extractive industries.