International Relationship Question: Download International Relationship PDF
On what basis of the principles theory of Mercantilism fits into international relations?
Answer:
★ Mercantilists thought that the amount of wealth in the world would remain unchanged.
★ They believed that a country's wealth just includes the amount of precious metal or billions it has.
★ Encouraging exports over imports so as to get a favorable balance in foreign trade.
★ A large population of a country would be the key to autonomy and state power.
★ They had a belief that the state should play a dominant role in assisting and directing the national and international economies to these ends.
★ They believed that a country's wealth just includes the amount of precious metal or billions it has.
★ Encouraging exports over imports so as to get a favorable balance in foreign trade.
★ A large population of a country would be the key to autonomy and state power.
★ They had a belief that the state should play a dominant role in assisting and directing the national and international economies to these ends.