Mercantilism | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-08

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Mercantilism


00:01:42 1 History
00:07:08 2 Theory
00:14:46 3 Policies
00:16:14 3.1 France
00:18:24 3.2 New France
00:19:38 3.3 Great Britain
00:23:52 3.4 Other countries
00:25:38 4 Wars and imperialism
00:27:34 5 Origins
00:33:46 6 Criticisms
00:40:12 7 Legacy
00:44:13 8 Neomercantilism
00:45:01 9 See also



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SUMMARY
=======
Mercantilism is a national economic policy that is designed to maximize the exports of a nation. Mercantilism was dominant in modernized parts of Europe from the 16th to the 18th centuries before falling into decline, although some commentators argue that it is still practiced in the economies of industrializing countries in the form of economic interventionism.It promotes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. Mercantilism includes a national economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and also motivated colonial expansion.Mercantilist theory varies in sophistication from one writer to another and has evolved over time. High tariffs, especially on manufactured goods, were an almost universal feature of mercantilist policy. These policies aim to reduce a possible current account deficit or reach a current account surplus.
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.