Category: Mercantilism

The Pros and Cons of Mercantilism Mercantilism is one of classical theories in international political economy (IPE) along with economic liberalism and neo-Marxism. Mercantilism believes the world is in struggle of power and security between each national interest, in order to grow their economy, they need to limit the imported goods by using tariffs while…

Mercantilist Beliefs among Sugar Plantations and the Slave Trade: Essay Mercantilism is economic framework created amid the rot of feudalism to bring together and increase the influence and particularly the money related abundance of a country by strict administrative guideline of the whole national economy as a rule through policy strategy intended to verify accumulation…