The New Mercantilism

Posted by Matt in June 9th, 2009 | no comment

Published in China, Economy, American Exports, Argentina, Brazil, Distortions, Emerging Market Economies, European Union, Export Subsidies, Fiscal Stimulus, Government Procurement, India, Indonesia, International Trade, Licensing Requirements, Mercantilism, Mexican Trucks, New Mercantilism, Pledge, Retaliation, Russia, summit, Tariffs

The “new mercantilism” takes many forms. Despite their pledge at the first G-20 summit last fall, most of its members have erected new distortions to international trade. A number of major emerging-market economies (including Brazil, India and Russia) have raised tariffs. Argentina and Indonesia have imposed new licensing requirements on imports. The European Union and [...]

Mercantilism

Posted by Matt in December 26th, 2007 | no comment

Published in Economy, Trade, 18th Century, Adam Smith, Amazon, Balance Of Trade, British Empire, Bullion Gold, Capitalist System, Classical Economists, Economic Assets, Economic Philosophy, Economic Policy, Economic Theory, Economy Link, European Imperialism, Exports Minus Imports, Flanks, Global Economy, Global Volume, Gold Silver, Government Intervention, Howard B Richman, Hugo Chavez, Market Economies, Mercantile System, Modern Period, Nation State, National Prosperity, New Mercantilism, Ominous Development, Peru Trade, Piece Of Advice, Political Independence, Political Interests, Richard Cobden, Silver Coin, Trade Surpluses, Train Wreck, Vladimir Putin, World Economy

Here’s today quiz. What do the following have in common: (a) Vladimir Putin; (b) China’s currency, the renminbi; (c) the U.S.-Peru trade agreement; and (d) Hugo Chavez? Answer: They all reflect the “new mercantilism.” It’s an ominous development affecting the world economy. Even as countries become more economically interdependent, they’re also growing more nationalistic. They’re [...]

Mercantilism – The End of Free Trade

Posted by Matt in December 26th, 2007 | 1 comment

Published in China, Trade, Adjunct, Economic Philosophy, Flanks, Free-Trade, Hugo Chavez, Maneuver, Mercantilism, Military Power, National Prosperity, Navies, New Mercantilism, Ominous Development, Peru Trade, Piece Of Advice, Political Independence, Political Interests, Renminbi, Silver Coin, Trade Surpluses, Train Wreck, Vladimir Putin, World Economy

Here’s today quiz. What do the following have in common: (a) Vladimir Putin; (b) China’s currency, the renminbi; (c) the U.S.-Peru trade agreement; and (d) Hugo Chavez? Answer: They all reflect the “new mercantilism.” It’s an ominous development affecting the world economy. Even as countries become more economically interdependent, they’re also growing more nationalistic. They’re [...]