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INTERNATIONAL ECONOMICS
Oleh : DOMINICK SALVATORE
Dibuat : 2019-03-08, dengan 1 file
Keyword : INTERNATIONAL ECONOMICS
In any event, mercantilists advocated strict government control of all economic activity
and preached economic nationalism because they believed that a nation could gain in trade
only at the expense of other nations (i.e., trade was a zero-sum game). These views are
important for two reasons. First, the ideas of Adam Smith, David Ricardo, and other classical
economists can best be understood if they are regarded as reactions to the mercantilistsâ
views on trade and on the role of the government. Second, today there seems to be a
resurgence of neo-mercantilism, as nations plagued by high levels of unemployment seek
to restrict imports in an effort to stimulate domestic production and employment (this is
examined in detail in Chapter 9). In fact, aside from England during the period 1815â1914,
no Western nation has ever been completely free of mercantilist ideas (see Case Study 2-2).
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File : Dominick Salvatore-International Economics.pdf
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