mercantilism
వాణిజ్యవాదం
definition
noun
Who benefits from mercantilism is no mystery: look at the list of lobbyists and signatories to the complaints.
belief in the benefits of profitable trading; commercialism.
example
There is, as well, a close connection between 'mercantilism' and patriotism.
Privateers operated within the political economy of 'mercantilism' , which recognized the expansion or protection of a nation's trade as a legitimate purpose of war.
We should not be swayed by 17th century 'mercantilism' , which viewed imports as bad and exports as good.
The view that trade was the engine of economic growth was a central tenet of 'mercantilism' , the European economic orthodoxy in the first half of the eighteenth century.
Historians have been dubious about the benefits of 'mercantilism' , but they have also been unanimous in attributing much of Spain's industrial and commercial underdevelopment to the absence of such policies.
But even if the logic of 'mercantilism' was correct, this strategy could never work if all nations tried to follow it simultaneously.
Originally free trade was not like 'mercantilism' , where the government monopolizes and otherwise hinders the right to trade across borders.
Having thus established his high position and noble motive, Mun declares his rule of commerce, which may be taken as the central principle of English 'mercantilism' .
Who benefits from 'mercantilism' is no mystery: look at the list of lobbyists and signatories to the complaints.
Instead the programs associated with Alexander Hamilton introduced a system of 'mercantilism' , discarding free trade in favor of tariff protection for manufactured goods.
Regulation then as now is a form of 'mercantilism' that benefits some at the expense of others.
The rise of Britain can be attributed, Ormrod argues, largely to successful and sustained 'mercantilism' .
Unlike the Saskatchewan approach to canola, Smith is a proponent of a cooperative 'mercantilism' that develops local advantages and creates strong social networks regionally to provide benefits locally.
Colbertism was an extreme form of 'mercantilism' built around war financing schemes, high taxation, and central planning.
For some, Christmas is an oppressive reminder that 'mercantilism' and materialism have replaced Christ as the heart of Christmas.
King George ‘wanted to forcefully impose British 'mercantilism' on the colonies.’
Under 'mercantilism' , everyone sought the advantages of being an exporter, because having a trade surplus meant that wealth was accumulating.
Hobbes indeed borrowed a great deal from contemporary accounts of how to increase a nation's prosperity - the literature of the movement subsequently known as 'mercantilism' .
We should, as a nation, decide whether to operate our nation as a constitutional republic, a nation of laws, or if instead we prefer to be a country driven and defined by corporate capitalism and 'mercantilism' .
As tsar he wanted to apply western 'mercantilism' to stimulate agriculture, industry and commerce.
American capitalism began with English colonial policy, which established basically free markets internally, combined with 'mercantilistic' regulations to control international trade.
In general terms, 'mercantilists' had persuaded the public that increased prosperity is directly connected with exports, making export bounties seem naturally in the public interest.
These countries now have bunker mentalities that are driving them toward 'mercantilist' policies, and they continue to run large trade surpluses as a consequence.
From having lived in different countries I think I'd claim the more 'mercantilistic' a society the more unwilling it is to support art and the more people you find who say artists are wasting taxpayers' money.
For some in the 'mercantilist' tradition, augmentation of national wealth mainly took the form of additional money balances accumulated through foreign trade.
Later supporters of free trade (laissez-faire) opposed the 'mercantilist' theory that the volume of trade is fixed and that to increase one's share one must lessen that of others.
Whereas economic liberals argue in favor of world market integration in order to promote development, and dependency theorists argue for delinking, 'mercantilists' suggest a middle road.
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