"Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy."
An economic policy in which a country exports more goods than it imports in order to build up its reserves of gold and silver.
"The policy aims to reduce a possible current account deficit or reach a current account surplus."
"It includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods."
"Historically, such policies might have contributed to war and motivated colonial expansion."
"Mercantilism promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers."
"High tariffs, especially on manufactured goods, were almost universally a feature of mercantilist policy."
"Before it fell into decline, mercantilism was dominant in modernized parts of Europe and some areas in Africa from the 16th to the 19th centuries, a period of proto-industrialization."
"Some commentators argue that it is still practiced in the economies of industrializing countries, in the form of economic interventionism."
"With the efforts of supranational organizations such as the World Trade Organization to reduce tariffs globally, non-tariff barriers to trade have assumed a greater importance in neomercantilism."
"Mercantilism is a nationalist economic policy that promotes imperialism, colonialism, protectionism, currency manipulation, and tariffs and subsidies on traded goods."
"It seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade."
"The policy aims to reduce a possible current account deficit or reach a current account surplus."
"Historically, such policies might have contributed to war and motivated colonial expansion."
"Mercantilism promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers."
"High tariffs, especially on manufactured goods, were almost universally a feature of mercantilist policy."
"Before it fell into decline, mercantilism was dominant in modernized parts of Europe and some areas in Africa from the 16th to the 19th centuries."
"Some commentators argue that it is still practiced in the economies of industrializing countries, in the form of economic interventionism."
"Non-tariff barriers to trade have assumed a greater importance in neomercantilism."
"Mercantilism is a nationalist economic policy."
"Maximize the exports and minimize the imports for an economy."