An Analysis of the International Trade Theory of Mercantilism (2366 words, 4 pages)
International Trade TheoriesMercantilismMercantilism was a sixteenth-century economic philosophy that maintained that a country's wealth was measured by its holdings of gold and silver (Mahoney, Trigg, Griffin, Pustay, 1998). This recquired the countries to maximise the difference between its exports and imports by promoting exports and discouraging imports. The logic was ...
Read More