Neomercantilism and international economic stability

In: International organization, Band 40, Heft Winter 86

Abstract

Widens the definition of mercantilism to mean a country's foreign economic policy. Demonstrates that mercantilist policies encompass the protection of domestic welfare and stability, and also the increase of state power. Shows that mercantilist policies lead to different outcomes depending on the regime in which they are implemented. Finally the interaction of mercantilism and the international system provides a framework for evaluating the recent history of the US dollar. (GAW)