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Essay

International Trade Theories

Essay specific features

 

Issue:

Business

 

Written by:

Edith B

 

Date added:

January 3, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2387

 

Was viewed:

8466 times

 

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Essay content:

The logic was transparent to sixteenth-century policy makers-if foreigners buy more goods from you than you buy from them, then the foreigners have to pay you the difference in gold and silver, enabling you to amass more treasure. With the treasure acquired the realm could build greater armies and navies and hence expand the nation’s global influence...
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Politically, mercantilism was popular with many manufactures and their workers. Export-oriented manufacturers favoured mercantilist trade policies, such as those giving subsidies or tax rebates, which stimulated their sales to foreigners. Domestic manufacturers threatened by foreign imports endorsed mercantilist trade policies, such as those imposing tariffs or quotas, which protected them from foreign competition (Mahoney, Trigg, Griffin, & Pustay, 1998)...
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