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mercantilism
(redirected from mercantilist)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
See: commerce


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He argues that, influenced by Adam Smith and others, British and American figures such as Lord Shulburne, Benjamin Vaughan, and John Adams had come to see l'aissez faire trade policies as more profitable and efficient than traditional mercantilist empire and that these ideas about political economy expressed themselves directly in the negotiations following the American Revolution.
China's government follows a mercantilist trade policy, meaning that it attempts to manipulate international trade -- via tariffs, subsidies, regulations and exchange rates -- in order to maximize the amount of money that flows into the country.
This view reflects an even older tradition that goes back to the mercantilist practices of the 17th century.
 
 
 
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