Jump to content

Neomercantilism


Accessing
 Share

Recommended Posts

Junior Supervisor

Junior Supervisor

  • [7] FLAG OFFICER

Neomercantilism is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government. The objective of neomercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.

Neomercantilism is considered the oldest school of thought in international political economy (IPE). It is rooted in mercantilism, a preindustrial doctrine, and gained ground during the Industrial Revolution. It is also considered the IPE counterpart of realism in the sense that both hold that power is central in global relations. This regime is also associated with corporatism particularly during the 1970s when both were treated as components of a functional system and policy goals. In the United States, neomercantilism was embraced in the late 20th century amidst the move to buttress American industries from Japanese competition. American thinkers who subscribed to the doctrine, however, include Alexander Hamilton, one of the Founding Fathers of the United States and the first U.S. secretary of the treasury.

[ https://en.wikipedia.org/wiki/Neomercantilism ]

\Zoltan Acken mentioned this in a party and it just seemed interesting, I don't know I'm not a political science major to know.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...