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Is Mercantilism bankrupt theory that has no place in the modern world?
In its purest sense, mercantilism is a bankrupt theory that has no place in the modern world. The principle tenant of mercantilism is that a country should maintain a trade surplus, even if that means that imports are limited by government intervention. This policy is bankrupt for at least two reasons. First, it is inconsistent with the general notion of globalization, which is becoming more and more prevalent in the world. A policy of mercantilism will anger potential trade partners because it will exclude their goods from free access to the mercantilist country's markets. Eventually, a country will find it difficult to export if it imposes oppressive quotas and tariffs on its imports. Second, mercantilism is bankrupt because it hurts the consumers in the mercantilist country. By denying its consumers access to either "cheaper" goods from other countries or more "sophisticated" goods from other countries, the mercantilist country's ordinary consumers suffer.
Why is there money when the world is already bankrupt?
In the banks because they help the Americans and they lose money.
What was the economic status of Britain at the end of World War 2?
The UK was nearly bankrupt at the end of World War 2
What would the world be like if we all become vegetarians?
Millions of farmers and ranchers would go bankrupt and there would be a disastrous world wide depression.
Who are the developing economy's countries in world?
Most developing countries are in Africa, although any country pre-industrialization and in this millennium, digitalization can be considered to have a developing economy.
Is Norway a bankrupt country?
No, Norway is infact one of the wealthiest countries in the world because of oil production in the North sea
What were the economic effects of World War 1?
The economies of both victorious and lost countries were in a very bad condition. Countries except America and Japan whether won or lost became BANKRUPT!!
Can the government go bankrupt?
no because tax and it can lend money from other countries
How do british people were needy after world war 2?
Britain, like most other European countries, was virtually bankrupt at the end of World War 2 and heavily in debt to the US for supplies received during the war.
Is blansett pharmacal bankrupt?
If they're not bankrupt yet, they soon will be!! All the money made (if any) goes into LB's pockets.
Is there any countries in the world that start with an x?
No.
How any countries are there in the world?
6 million
Is there any country in the world that does not have any public schools?
Yes. Some third world countries do not.
What countries are second world countries?
There aren't any. The "second world" refers to the communist bloc which no longer exists.
Why are Americans such ignorant and selfish idiots?
Because they are just that.Americans are the most hated in the world because they can't keep they're nose out of other countries business.And they are bankrupt and bad credit score
Which countries have the best healthcare systems?
According to the World Health Organization, France is the leading country in terms of health care systems. Of course, their country is almost bankrupt. The United States ranks 38.
What was the state of Japan's economy following World War 2?
Bankrupt
