Neo-mercantilist
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Can you think of examples of a 'neo-mercantilist' trade policy?
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This solution discusses examples of a 'neo-mercantilist' trade policy.
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Neo-mercantilism, in the contemporary context, refers to "a trade policy whereby a state seeks to maintain a balance-of-trade surplus and to promote domestic production and employment by reducing imports, stimulating home production, and promoting exports."(Walters and Blake 1992).
Source: http://www.cs.cmu.edu/~fahd/portfolio/Laissez%20Faire.html
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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